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Gas production costs in Queensland's Lake Eyre Basin will be 'staggering', report claims

Gas exploration projects in Queensland's Channel Country will be expensive to produce, generate "significant" carbon emissions and are likely to be abandoned, a report has found.
The report by Pegasus Economics, commissioned by environmental lobby group Lock The Gate, argued gas found in the Lake Eyre and Cooper Basins would cost energy companies millions of dollars to extract and produce.

"Although significant gas resources do exist in the Lake Eyre and Cooper basins, it's just not economically viable to actually extract," said the report's author, Alistair Davey.

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Aerial shot of lake eyre basin

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