PERTH – ASX-listed Mineral Resources this week said that Western Australia’s domestic gas policy could hamper the development of its onshore gas assets.noted that the company’s Energy division had drilled two onshore natural gas discoveries in the Perth basin during the year, and had completed the takeover of Norwest Energy.
The state government last month quietly updated its Domestic Gas Policy for the Perth and Canning basins, preventing the export of onshore gas through the existing pipeline network. Gas from the existing pipeline wouill be reserved for Western Australian industry and consumers only. The Sydney Morning Herald quoted Ellison as saying MinRes could potentially produce 300 TJ/d from its field, but 200 TJ/d would need to be exported to pay off debt used to build the facility. The remaining 100 TJ/d will be for local use.