The only way to meet a tripling in natural gas demand in eastern Australia is by allowing unconventional gas projects, such as coal seam gas (CSG), oil and gas producer Santos says.
Santos's eastern Australia vice president James Baulderstone told a conference that he expected gas prices to more than double within two decades, driven by demand and linking it to oil prices.
Soaring global demand for liquefied natural gas (LNG) is expected to contribute to Australia's wealth and make it one of the world's biggest exporters of the commodity.
However the use of fracking to access CSG or shale gas is strongly opposed by many Australians and Americans, including farmers, who say it contaminates prime agricultural land.
Sydney Morning Herald
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