Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  AGL Energy Ltd       AU000000AGK9

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

AGL Energy Ltd : Methane levels within urban average at Macarthur, study says

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/10/2014 | 09:23am CEST
Methane levels within urban average at Macarthur, study says Wednesday, February 05, 2014

Methane concentrations in the Macarthur region where natural coal seam gas is produced are in line with averages for urban areas without coal seam gas production, a specialist scientific study has found.

The AGL Fugitive Methane Emissions Monitoring Program - the first of its kind in NSW - was conducted by air quality specialists Pacific Environment using the Picarro, one of the world's most sensitive, state-of-the-art instruments for this type of testing.

Australia's national science agency, the CSIRO, reviewed an early draft of the report and provided comments.

Twenty-five locations in the Macarthur region were monitored weekly, at different times of the day and night, with 75 hours of measurements for analysis and reporting.

During the 12-week monitoring program the average methane concentration was 2.1ppm (parts per million). This is in line with methane concentrations measured in urban areas commonly ranging between 1.8ppm and 3.0ppm.

These results are lower than readings measured inside a house in the local area:

  • One metre from an outside gas hot water system = 9-10ppm;
  • 50 centimetres from a domestic gas heater vent = 2.4ppm
  • 50 centimetres from a domestic gas stove cooker = 10.2ppm

Mike Moraza, AGL's Group General Manager Upstream Gas, said the study was developed and conducted in response to community concerns.

"The community has told us they needed more information about fugitive methane emissions, and so AGL voluntarily invested in a research study that goes beyond our regulatory requirements," Mr Moraza said.

"We involved the community in determining the monitoring sites and at their request increased the number of sites from 17 to 25 in order to get readings from background areas and locations within the Camden Gas Project.

"We tested methane emissions in local parks, near schools and where people in the Macarthur region live and breathe the air.

"The results show that methane concentrations in the Macarthur region are consistent with urban averages, which should reassure the community that it is safe to live and work side by side AGL's activities."

Pacific Environment's Damon Roddis said the testing was thorough and used state-of-the art equipment.

"We are an organisation of air quality specialists and have been monitoring the atmosphere and fugitive air emissions for decades," Mr Roddis said.

"The results obtained from the AGL monitoring study show that when other local sources are removed from the data, there is no significant difference between the methane concentrations experienced in the Macarthur region and similar locations where no coal seam gas activities are occurring.

"We used one of the best pieces of monitoring equipment in the world for this type of measurement and stand by the conclusions of the study."

Glossary
  • Methane (CH4): Methane is a naturally occurring gas that is present in the atmosphere in low concentrations. It's non-toxic and has no known health effects. Some natural sources of methane are wetlands, coal seams and termite activity. Man-made sources include agricultural operations, landfill and wastewater treatment, rice paddies and oil and gas production. The gas from the Camden Gas Project is 96% methane (with the remaining 4% being mainly carbon dioxide and nitrogen), which is not toxic or dangerous to human health and why the research study measured methane.
  • Global average methane concentration: is 1.8 parts per million (ppm). (WMO, 2013)
  • Urban average methane concentrations: commonly range between 1.8ppm and 3.0ppm (Lowry et al. 2001).
  • Fugitive emissions: refer to unintended or irregular gas releases that are not captured or controlled through an emission point such as an exhaust stack or vent.
  • The Fugitive Emissions Monitoring Program: ran for 12 weeks from 29 April 2013 to 17 July 2013.
  • Picarro G-2201-i Cavity Ring Down Spectrometer: is one of the best air quality measurement and analysis instruments available in the world. Its monitoring system has been configured for field monitoring, measuring methane concentration and isotopic ratios for methane, as well as wind speed, wind direction and GPS coordinates.
  • AGL's Camden Gas Project: has been producing gas for the Sydney region since 2001. It currently supplies about five percent of NSWs' gas needs. The project includes 144 gas wells - with 96 currently producing gas - 100 kilometres of low-pressure underground gas gathering lines and the Rosalind Park Gas Plant.
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AGL ENERGY LTD
08/23 AGL ENERGY : comments on recent market events in South Australia
08/19 AGL ENERGY : comments on recent market events in South Australia
08/19 AGL ENERGY : Appendix 3Y - Les Hosking
08/18 AGL ENERGY : delivers second round of community funding for Wattle Point Wind Fa..
08/16 AGL ENERGY : delivers second round of community funding for Wattle ...
08/15 AGL ENERGY : update on Portland hedging contract
08/15 AGL ENERGY : Victorian wind farms host interstate community tours
08/12 AGL ENERGY : update on Portland hedging contract
08/11 AGL ENERGY : and Sunverge combine for ambitious storage project
08/10 AGL ENERGY : issues 2016 Sustainability Report
More news
Sector news : Renewable Utilities
04:25aDJCustomers Pull Contracts for Spectra Pipeline Effort
03:11aDJCustomers Pull Contracts for Spectra Pipeline Effort After Massachusetts Ruli..
02:59aDJBig Customers Abandon Spectra Pipeline Project After Massachusetts Court Ruli..
08/23 Polish miner JSW may need at least $131 million of new capital - deputy minis..
08/23 DRAX : National Grid to recoup 95 million pounds of power contract costs
More sector news : Renewable Utilities
Advertisement
Financials ( AUD)
Sales 2017 11 106 M
EBIT 2017 1 281 M
Net income 2017 760 M
Debt 2017 2 340 M
Yield 2017 3,83%
P/E ratio 2017 16,93
P/E ratio 2018 15,67
EV / Sales 2017 1,38x
EV / Sales 2018 1,32x
Capitalization 12 941 M
More Financials
Chart AGL ENERGY LTD
Duration : Period :
AGL Energy Ltd Technical Analysis Chart | AU000000AGK9 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Consensus 
Mean consensus HOLD
Number of Analysts 11
Average target price 19,8  AUD
Spread / Average Target 3,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Andrew Martin Vesey Chief Executive Officer, Executive Director & MD
Jeremy Charles Roy Maycock Chairman
Doug Jackson Executive General Manager-Group Operations
Brett Alan Redman Chief Financial Officer
Simon Moorfield Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AGL ENERGY LTD-5.22%9 838
NEXTERA ENERGY INC19.62%57 409
ENEL S.P.A.0.15%45 268
CHINA YANGTZE POWER CO..1.62%45 226
TENAGA NASIONAL BHD--.--%20 720
AGL ENERGY LTD4.87%9 838
More Results