THE oil and gas industry has outlined its future greenhouse strategy which aims to have 70 per cent of all new power stations gas fired within a decade.
The push to replace coal generation with clean natural gas emerged during the opening session in Perth yesterday of the annual Australian Petroleum Production and Exploration Association conference.
APPEA chairman Colin Beckett told 2200 representatives who are in Perth that the oil and gas industry was committing itself to finding solutions to the emissions issue.
Mr Beckett said world energy demand was expected to grow by 40 per cent to 2030.
"At the same time environmental awareness is increasing with a greater recognition of the role natural gas can play as a clean 'blue fuel' in reducing or offsetting greenhouse emissions," he said.
One of the association's key aims is to help create a competitive electricity market in which 70 per cent of Australia's new generating capacity will be gas fired.
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