New gas action plan to deliver rich opportunities for Queenslanders

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Image credit: www.qrc.org.au

The Queensland Resources Council (QRC) has welcomed the Palaszczuk Government’s announcement of a new gas action plan for the state, saying gas-fired growth was “a perfect recipe” for future Queensland jobs, both in the resources sector and downstream in manufacturing.

Image credit: www.qrc.org.au

It comes after State Development and Natural Resources and Mines Minister Anthony Lynham announced the preparation of a new Queensland Gas Supply and Demand Action Plan to encourage new exploration and development for the domestic and export markets.

“Minister Anthony Lynham is to be congratulated for announcing the preparation of an action plan to capitalise on the once in a generation opportunity that gas offers to all Queenslanders. This new plan will focus on the entire east-coast gas market, where there are rich opportunities for Queensland to supply the gas frustrated customers in NSW and Victoria,” said Michael Roche, Chief Executive of the Queensland Resources Council.

“In those states, their governments, paralysed by activists and the fear of criticism by media shock jocks, have absolutely failed to develop an onshore gas industry. QRC also expects the action plan to examine opportunities to source gas from the Northern Territory through Mount Isa to help unlock the mineral wealth of Queensland’s richest metals belt.”

Mr Roche said increased gas supply was good news for the state’s manufacturing sector and would help to ensure a future for making fertilisers and explosives in Queensland.

“The coal seam gas industry is easily the most reviewed industry in Australia. In this environment, where the critics are either calling for CSG moratoriums or investment-killing reservation schemes, it’s great to see the Palaszczuk government focussed on securing gas-fired growth for Queensland,” the Minister added.

“The action plan is designed to map out the future pipeline of opportunities for Queensland gas, including conventional gas, CSG and gas-to-liquid applications. It’s a really sensible approach to ensure that Queensland secures every opportunity from our world-class gas industry.”

Mr Roche also stressed that the action plan aimed to recognise the needs of gas producers, investors and gas customers.

“Oversight of Queensland’s burgeoning gas sector was an important role performed by the gas commissioner appointed by the previous ALP government and abolition of that function was a short-sighted efficiency on the part of the LNP government,” he said.

“This whole of supply chain approach means that the action plan could be a landmark piece of economic planning, maximising the economic and jobs benefits of Queensland. QRC looks forward to commenting on the issues paper later in the year.”