Landmark investment to increase domestic gas

DOMESTIC gas supply and regional jobs are set to gain considerably with Santos GLNG to invest $900 million in gas developments in Maranoa, Western Downs, Central Highlands and Banana this year. 

Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said Santos GLNG would unlock significant gas reserves in regional Queensland, which would increase supply to the domestic and export markets.

“Today’s announcement will bring intergenerational benefits for the people of these regions and again demonstrates that Queensland is leading the way to boost east coast gas supply”, said Mr Macfarlane. 

“More gas being produced is good news for all gas customers, both domestic and export. Queenslanders increasingly understand that CSG is an evergreen industry with billions more dollars invested in new fields to supply the LNG plants. 

“The QRC congratulates Santos GLNG and Minister Lynham, who continues to lead a proactive approach to the development of gas in this state. We only hope that the other states follow Queensland’s lead and open gas reserves to help fix the energy crisis households and businesses, especially manufacturers, along the eastern seaboard are facing.” 

The first year of funding for the new $750 million Roma East project would create up to 400 construction jobs and add nearly 50PJ of supply a year in 2020, along with significant flow-on benefits to local small and medium businesses. 

QRC’s data shows that in 2016-17, Queensland’s gas industry contributed $8.9 billion to the state’s economy and supported almost 43,000 full-time Queensland jobs. 

www.qrc.org.au

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