Mixed Fortunes for Australias Gas Pipelines

Australia, with much of the country yet to be explored, has the largest proven gas reserves in the Asia-Pacific region, about 43 Tcf, according to a U.S. Energy Information Administration (EIA)? country analysis from August 2014. Most of the traditional gas reserves, about 92%, are located in the North West Shelf in the Carnarvon and Browse basins in North West Australia and the Bonaparte Basin shared between Australia and East Timor, the Gippsland and Otway basins in South East Victoria Province, and the Cooper-Eromanga basin in central Australia (Figure 2).