The deposit under Molln will be assessed and a decision will then be made whether to extract the mineral treasure from the ground. The company is now considering reusing the pumped out rock – because this will create space for other gas.
If everything goes according to ADX’s plan, it will take three years before the first gas found under Molln has been used. “But we assume that project opponents will want to delay this with submissions; An environmental impact assessment is also not excluded,” says spokesperson Wilfried Seywald.
You’ll be wiser next week
In the event that everything goes smoothly and 24 billion cubic meters of gas are actually available, the schedule will be as follows: By the end of March, the drilling platform and all other equipment from the Jaidhaustal drilling site must be dismantled and the borehole must be dismantled. are closed. Until then, tests will be carried out to find out the nature of the gas-bearing rock and its potential – next week we want to be smarter.
Only one drilling is planned this year – not in Molln
In the summer there is a rest period for the vegetation and in the background requests are made to be allowed to drill again from the autumn. “Four to five more boreholes will be needed,” says Seywald. However, the drilling platform in Molln will most likely not be rebuilt until 2025, as ADX has only one drilling planned this year: in Sankt Georgen im Attergau or in Straßwalchen.
Squeezing hydrogen into ’empty’ rock
Mining under Molln could begin in 2027 and will last ten to fifteen years. Experts expect that after about three years the production peak – the gas should flow out of the earth under its own pressure – will be reached and then decline. This is why the exploitation of the deposit, which is expected to contain three times the Austrian consumption volume, will take so long. “The gas is mainly intended for the Austrian market. “It would be economically stupid to transport it far,” says ADX, which is already thinking about reusing the gas discovery: hydrogen could be pressed and stored here at a depth of 1,500 meters.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
