Timor Sea could be main source of gas for Australian gas industry

Jun 25, 1999 02:00 AM

The Timor Sea in future will be the main source of natural gas for the Australian domestic gas industry, Australian oil and gas consultant Max Kimber said in a report.
Kimber said that gas reserves in the Timor Sea were significant, and they might be exploited for the Australian domestic gas industry through the year 2010.
"The market will be more prospective when methanol and fertiliser plants are built in Darwin," he added.
He also said that natural gas from the Timor Sea could also be used to supply gas-powered electricity plants in the Northern Territory.
In addition, gas from the Timor Sea might also be used for mineral processing plants in Darwin and Gove, both also in the Northern Territory, he added.
In his report, Kimber also expressed his confidence that gas from the Timor Sea could be pumped to the Mt. Isa region as a supplement to sources from the Cooper Basin, boosting economic activities in the Northern Territory.
The Northern Territory and Mt. Isa region wouldsoon become the main market for gas from the Timor Sea, said Kimber in his report.

Source: Asia Pulse via Iinoil
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