Solid Energy has more-than fourfold increase in estimate for Taranaki coal seam gas

Tue, 19 Jun 2012

By Jonathan Underhill June 19 (BusinessDesk) - Solid Energy, the state-owned coal miner being prepared for partial sale, has announced a more-than fourfold increase in its contingent resources of coal seam gas in the Taranaki after exploration results were assessed by the US consultancy. The coal miner has 858,000 million cubic feet of gas, or about 900 petajoules, enough to run a 400MW combined cycle gas turbine such as the one at the Huntly power station for 45 years, it said in a statement. That’s up from its June 2010 estimate of 190 pet...

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