Beetaloo a $10bn pipe dream for gas producers 2

This Analysis is supplied personally to the Recipient on the following conditions, which are expressly accepted and agreed to by the Recipient, in part consideration of the supply of the Analysis, as evidenced by the retention by the Recipient of this Analysis. [...] Beetaloo a $10bn pipe dream for gas producers 5 Executive Summary The Beetaloo Basin, in the Northern Territory (NT), has been touted as a promising, world-class shale gas resources.1 Reflecting this potential, the Australian government announced in January 2021 its intention to support the development of the Beetaloo Basin as part of the Beetaloo Strategic Basin Plan and the National Gas Infrastr. [...] This oversaturation of the domestic market has suppressed the price of domestic gas, reducing demand for additional production in the Vaca Muerta and locking in a cycle that undermines Argentina’s ability to accelerate the development of these remote shale fields.”20 Despite the remoteness of the Beetaloo Basin and concerns about the use of hydraulic fracturing (fracking), the Australian governmen. [...] The Beetaloo Basin lies beneath the Cambrian Limestone Aquifer, the main freshwater source for the region, primarily used for agriculture and the pastoral industry.31 The water required for development of the Beetaloo could affect other users and any future expansion of more intensive forms of agriculture.32 Concerns about the impact of fracking on local water sources and the effect this would hav. [...] Exploration in the McArthur Basin, which largely encompasses the Beetaloo sub-basin, intensified from the 1980s, with the discovery of oil in the Velkerri Formation.101 This was followed by further activity from 1984 to the mid-1990s, with increasing focus on the Beetaloo from the mid-2000s.102,103 Based on the seismic database acquired by Hess, the US investor signalled intent to drill five explo.