The Palaszczuk Government has welcomed today’s fresh multi-million dollar round of investment and jobs in Queensland’s energy resources with developments in two major projects.
Japan’s JFE Steel’s has announced construction will start to start on its $1.76 billion joint venture with QCoal in Byerwen mine in the Bowen Basin.
Arrow Energy is moving ahead with its proposed expansion of its Tipton gas project near Dalby, potentially doubling output for domestic and export use.
“These projects are further good economic and jobs news for regional communities and underline the positive investment environment in Queensland,” Dr Lynham said.
“The Byerwen mine project will generate 350 construction jobs at peak, followed by up to 545 ongoing jobs once this coking and thermal mine is fully operational,” Dr Lynham said.
“It’s particularly good news for locals, as the proponent has previously committed to hiring from Glenden, Nebo, Moranbah and Collinsville and across the wider region.”
The proposed Byerwen mine is forecast to yield up to 10 million tonnes of high-quality coking coal and thermal coal annually from open-cut operations 20km west of Glenden. Coal will be railed to Abbot Point Coal Terminal for export.
Dr Lynham said Arrow’s expansion plans would deliver timely gas to the domestic market, with a looming east coast supply.
“Arrow is looking at 90 news wells initially and another 180 wells over the next 25 years,” he said.
“This next engineering phase that Arrow has announced today will inform a final investment decision that could take production capacity to more than 80 terrajoules a day.”
Dr Lynham said it was yet further evidence that Queensland was doing the heavy lifting on gas.
“Tomorrow’s Federal Budget is the Prime Minister’s opportunity to show leadership on this national issue and invest in more pipelines to connect Queensland’s gas supply with users.
“We have the resources, the investors, and the political will to boost gas supply. We just need the Commonwealth to provide direct and substantial infrastructure investment in the national interest.