Peat is a coal seam gas (CSG) project on the Burunga Anticline, a structural high in the Bowen Basin, Queensland. The Scotia CSG project lies to the north and is a continuation of the play. The area is considered to be one of the premium CSG plays in Queensland due to the coal properties and structural setting. Development began in 1999 after a gas sales agreement (GSA) was signed with the BP Queensland Clean Fuels project and first sales gas was produced in 2001. This analysis values only the gas required to satisfy the domestic gas commitments from Peat. It does not include any gas supply or costs associated with the APLNG export project at Gladstone. For further information on that LNG project, please see our APLNG - upstream analysis.