Gas reserves to provide energy for 'a century'

AUSTRALIA is about to enter a ''golden age of gas'' that will last for many decades, the head of the peak oil and gas industry body has declared. Both coal seam gas and liquefied natural gas are expected to benefit in the short term from the price on carbon, because they generally emit fewer greenhouse gases than coal and at present they are cheaper than solar, wind or geothermal power. In addition, the LNG industry will receive 94 per cent of its carbon permits from the government free, to protect the export industry when competing against places which do not...