Why does energy-rich WA need to frack?


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But if domestic gas prices remain low, new reserves may not be developed and supply may not meet demand in the medium to long term, it said.


Mines Minister Bill Johnston said the pending shortage was a fact, with Woodside’s North West Shelf in decline.


“Figures show there’s a potential shortage in the mid-2020s,” Mr Johnston said.


“That isn’t to say that, at the time, there won’t be other fields in production but at the moment, on approved projects, there is a gap.”


Rod Campbell, research director at The Australia Institute, says it’s outrageous WA could find itself with a potential domestic gas shortage, despite its 15 per cent reservation policy.


Article source: https://www.smh.com.au/sport/young-magpies-gun-to-sign-contract-extension-20180416-p4z9yn.html?utm_medium=rss&utm_source=rss_feed

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