QMEB » Qld continues to ease the east coast gas squeeze
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Qld continues to ease the east coast gas squeeze

The Queensland Resources Council (QRC) congratulates Australia Pacific LNG after the company committed a further 21 petajoules (PJ) of gas to the east coast market.

QRC Chief Executive Ian Macfarlane said the announcement is another sign the policy settings in Queensland are working and consumers are the winners.

“Today’s announcement by Australia Pacific LNG lifts its expected 2018 east coast gas commitment to more than 200 PJ or the equivalent of over 5 million Australian households or nearly half the gas demand of the entire Australian manufacturing industry,” Mr Macfarlane said.

“Queensland’s gas industry continues to lead the way in supplying industry and households, not just in Queensland but up and down the length of the east coast.

“Southern States relying on Queensland gas this winter should have a hard look at our leading regulatory system, to see how to deliver gas while protecting the interests of landholders and the environment. The QRC applauds the NT Government for backing the science and their own industry in lifting its fracking moratorium to develop its own gas.”

APLNG is now calling for expressions of interest from Australian gas users for new sales in 2019.

The Queensland resources sector now provides one in every $6 dollars in the Queensland economy, sustains one in eight Queensland jobs, and supports more than 16,400 businesses across the State – with almost 7000 businesses in the Greater Brisbane region – all from 0.1 percent of Queensland’s land mass.

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.

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