Revenue for Australian CSG Industry to Grow by 148 Percent

Mining Weekly reported that revenue from the Australian coal seam gas (CSG) industry is slated to grow about 148 percent during 2015.

As quoted in the market news:

In 2014, the CSG industry accounted for revenues of A$737.9-million; however, IBISWorld predicted that this would grow to some A$1.83-billion in 2015.

IBIS noted that while CSG projects have become more viable owing to new and improving extraction techniques, it was the development of export capabilities that was expected to drive rapid industry growth.

IBISWorld Senior Industry Analyst David Whytcross stated:

Once operational, the Curtis Island LNG plants will be the world’s first projects to turn coal seam gas into liquefied natural gas, which will be a boon to operators of newly developed coal seam gas fields in the Cooper basin.

Click here for the full Mining Weekly report