Business

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



Our six art gallery picks for a creative day out

YOU may not associate Brisbane with a burgeoning art scene, but you’d be mistaken.

Six hideaway bars to escape winter chill

The Gresham's charm will win you over before your first sip.

THESE are the perfect places to hang this winter.

Brisbane's arts and culture events centre stage

You loved the film, now you're about to love the musical. Don't miss The Bodyguard The Musical in Brisbane this July.

THE arts and culture events you don't want to miss.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Date nights under $50

Nothing is more romantic than a picnic with a cracking view.

NOT every date has to cost you a bomb.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Could Schapelle be heading for Gladstone?

Australian Schapelle Corby is escorted by Bali Police at the parole office in Denpasar, Bali, Indonesia, 27 May 2017.

Schapelle's mother teases her free daughter could be Gladstone bound

Fraudster couple fails at same scam twice

Gladstone CBD from The Oaks Hotel roof, Febuary 17, 2015.

Photo Mike Richards / The Observer

Gladstone man and woman attempted to rip off two local businesses.

Local Partners

Battle raging over money to fund CQ roads

Funding for CQ's road upgrades is being ripped out of the region leaving our projects languishing at the starting line says QLD Minister.


Win a $1000

GROCERY GIFT CARD!
Learn More

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

What public holidays are left in 2017

Ipswich residents will get the day off tomorrow for the show.

IPSWICH residents will get tomorrow off for the show

Caitlyn comes home to launch debut album

Gympie's Caitlyn Shadbolt will launch here debut album Songs On My Sleeve at an exclusive all-ages concert in Gympie on Friday, May 26.

Win tickets to Caitlyn's album launch

Karl Stefanovic's rant about Schapelle Corby 'a bit rich'

The fact is Stefanovic is paid extremely well by a television network that lives and dies by ratings.

Gladstone gets cheesy with espresso bar masterclass

CHEESE EXPERT: Special guest Peter Gross shared his knowledge on everything about cheese.

'Something we could do': more food events for region

Could Schapelle be heading for Gladstone?

Australian Schapelle Corby is escorted by Bali Police at the parole office in Denpasar, Bali, Indonesia, 27 May 2017.

Schapelle's mother teases her free daughter could be Gladstone bound

Six things you never knew about Men in Black

Mushu the pug

It's been 20 years since Men in Black first hit cinemas

10 strange stories behind famous sex scenes

Khaleesi and Khal Drogo in a steamy moment.

Every set has their own way of filming sex scenes

HBO spills new details on Game of Thrones’ final season

Game of Thrones’ eighth and final season will only have six episodes.

New details about what to expect from the eighth, final instalment.

Karl’s rant on Corby: ‘Made to look like idiots’

Karl Stefanovic is sick of hearing about Schapelle Corby.

Today co-host launched a tirade against Schapelle Corby media circus

New $46.7m counter-terrorism facility to be built in Wacol

Premier Annastacia Palaszczuk, pictured with Police Commisioner Ian Stewart, has announced plans to build a new counter-terrorism facility in Wacol.

The facility will be built over three years.

Home to a sex worker: Sordid history of iconic Coast shed

Milojevic Djordjevic's daughter Linda at the derelict shed on Yandina-Coolum Road.

The shed was once a liveable 'barrack'.

This is real estate's billion-dollar man

Bob Wolff at AREC with John McGrath of McGrath Real Estate.

They don’t call him the “Billion dollar man” for nothing

Man's amazing comeback from monster crisis

Pat O'Driscoll agents Penny Keating and Doug Webber sold 56 Agnes St, The Range at auction over the weekend.

NOT long ago, he sold his possessions to pay staff. Now he's back.

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Ready to SELL your property?

Post Your Ad Here!