Isa Su­per­basin as­sess­ment be­gins

The Australian Energy Review - - NEWS -

THE Fed­eral Gov­ern­ment has com­mis­sioned an in­de­pen­dent as­sess­ment of the Isa Basin to de­ter­mine whether it is a po­ten­tial area for the safe ex­trac­tion of gas.

The basin, in the north­ern part of the QLD and North­ern Ter­ri­tory bor­der, has been se­lected for its world-class petroleum source rocks, shale gas flows and its prox­im­ity to ex­ist­ing in­fra­struc­ture.

Fed­eral Re­sources min­is­ter Matt Cana­van said the stud­ies, con­ducted by Geo­science Aus­tralia and the CSIRO, will be­gin in early 2018.

“It is vi­tal that we un­lock our gas re­sources and bring more gas to mar­ket. By tak­ing steps to un­lock our gas re­serves, we will help put down­ward pres­sure on gas prices,” Mr Cana­van said.

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