T2K Today

[Targan]

Originally Posted by ChalkLine

I worked on LNG pipelines for a while, and I know the following;

- The Moombah gas fields are officially tapped out.
- The North West Shelf gas fields are past peak.

The only LNG fields available to us now are half owned by Timor Leste.

Do you mean the only entirely untapped gas fields available to us are half-owned by Timor Leste? Even if that were the case (and from the reports I monitor at work on a weekly basis I don't think it is) its not a 50-50 split with Timor Leste anyway. IIRC its more like 80-20 in our favour. In any case the Greater Sunrise and Browse Basin gas fields have amazingly large reserves of gas in them. Australia will be exporting huge amounts of gas for decades yet to come.