Community engagement vital to future of gas industry

BUILDING public confidence will be vital to developing unconventional gas resources such as shale, a Santos vice president has said.

Martyn Eames, Santos vice president Asia Pacific, gave an address at the Asia Oil and Gas Conference in Kuala Lumpur on Tuesday, outlining the challenges facing the oil and gas industry.

Mr Eames said to successfully deliver unconventional resources, public confidence and land access had to be managed carefully by developers and governments.

"How this is managed will have an impact on the pace of unconventional gas development," Mr Eames said.

"Just as this industry is seeking to share knowledge on the technical side, so too must it draw upon the expertise and best practice that exists globally to engage early with communities and build public confidence." 

Mr Eames said developments also could be stalled or accelerated depending on the maturity of regulation for onshore oil and gas activities.

"If appropriate regulatory regimes are in place, ones that are based on sound science, quality data and backed by sufficient resources to allow progress - this will significantly improve the confidence of investors, while balancing the need to minimise environmental and social impacts," he said.

"If countries want to reap the benefits of an unconventional gas industry, they must work with industry to get this right, far in advance of the first well being drilled."

Mr Eames said it was vital to have a market for gas that was sufficient to allow the appropriate investments to be made.

If countries want to reap the benefits of an unconventional gas industry, they must work with industry to get this right, far in advance of the first well being drilled

He said for some countries, such as the US, domestic demand was sufficient. But in Australia domestic demand by comparison was small, requiring an export market to create the volume necessary to justify investment at scale.

"This is exactly what has happened in Australia, with three coal bed methane to LNG projects currently under construction on the east coast - our Santos GLNG project amongst them," Mr Eames said.

"The access to export markets created by these developments provided the price incentive, which is a necessary factor in attracting the investment required to unlock more technically challenging resources such as coal bed methane and shale gas."

Mr Eames said the boost that developing the world's unconventional gas resources would give to gas supply would bring a number of benefits the world couldn't ignore.

These included greater energy diversity and security of supply in countries that relied on imports to meet their gas needs. 

Topics:  csg gas glng lng resources santos

Man "accidentally" invites ex to drinks, night ends in drunken rage

Matthew Maddin leaves Gladstone courthouse after his drinks night disaster.

IT WAS a mistaken invitation that left one guest with stitches

“Mummy bloggers have scared me off motherhood": Radio announcer says

Along with co-star Ben Norris, Carly Portch is the radio announcer whose bubbly voice we hear on HOT FM every morning.

HOT FM announcer on "When did motherhood become a competition?"

'Stopped drinking it': Gladstone residents taste chlorine in tap water

Boyne Island residents were in agreement on one thing over a Facebook post made Tuesday - the smell and taste of chlorine in their tap water.

"Even overnight the pets have stopped drinking it..."

Local Partners

Mariah Carey and James Packer discussing relationship

Mariah Carey and James Packer are discussing how to work things out

January Jones: Take time away from your phone

January Jones needs time away from her phone

Mel C won't return to Spice Girls for daughter

MEL C is adamant she won't reunite with the Spice Girls

60's British rock legends to return to Australia

The Troggs will play a string of dates across Australia in November.  Photo Contributed

We all remember 'Wild Thing' and now you can hear it live.

Depp jumps ship from agency of 25 years

Johnny Depp has signed to CAA after 25 years with the United

Orlando Bloom 'buried' Katy Perry in birthday flowers

Orlando Bloom "buried" Katy Perry in flowers for her birthday

Investors eye new local estate with dirt cheap property

A new estate, Aquatic Vista, has opened at Agnes Water.

BUYERS to go crazy for an entire new estate put on the market.

Want to own one of Australia's best restaurants?

TOP GONG: Mooloolaba Spice Bar has been named in TripAdvisor's Top 10 Australian restaurants for 2016.

Here's your chance to pick up one of the Coast's favourite eateries

OPINION: Banks fear Gladstone future: Councillor

REGIONAL Queensland deserves a helping hand on housing.

Bank reclaims Goondoon St complex plan, places on the market

Multi-million dollar development plan up for sale.

MULTI-MILLION dollar plan for Goondoon St complex on the market.

Tough times in CBD: Woolies says goodbye Ipswich

Woolworths in the Ipswich Mall.Photo: Rob Williams / The Queensland Times

The last day of trading will be January 1

Ready to SELL your property?

Post Your Ad Here!