AERA con­firms re­sources abun­dance

The Australian Energy Review - - NEWS - CAMERON DRUMMOND NA­TIONAL

THE lat­est as­sess­ment of en­ergy re­sources con­firms Aus­tralia has an abun­dance of coal, gas and re­new­able en­ergy re­sources to meet do­mes­tic de­mand and ex­port over­seas. Fed­eral Re­sources and North­ern Aus­tralia min­is­ter Matt Cana­van said the 2018 edi­tion of the Aus­tralian En­ergy Re­sources As­sess­ment (AERA), shows that “Aus­tralia re­ally is the lucky coun­try when it comes to en­ergy re­sources”. “We’re for­tu­nate to pos­sess a plen­ti­ful and di­verse range of en­ergy re­sources that can si­mul­ta­ne­ously fuel our ev­ery­day lives and grow ex­ports, cre­at­ing in­vest­ment and job op­por­tu­ni­ties,” Min­is­ter Cana­van said. “Aus­tralia has in ex­cess of 3.5 mil­lion peta­joules of Eco­nomic Demon­strated Re­sources (EDRS) like coal, gas, oil and ura­nium. “This is nearly 600 times Aus­tralia’s to­tal pri­mary do­mes­tic en­ergy con­sump­tion. “To­gether, coal, gas, oil and ura­nium make up more than 20 per cent of Aus­tralia’s to­tal ex­ports, and are pro­jected to earn around $90 bil­lion a year over the next five years alone. “AERA con­firms that we have sub­stan­tial con­ven­tional gas re­sources, pri­mar­ily off­shore, and sig­nif­i­cant un­con­ven­tional gas re­sources on­shore.”

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