New gas supply deal supports Queensland jobs

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27 June 22, 1:20pm “With oil and gas royalties surging and now set to deliver the #QLD government over $1 billion a year going forward… https://t.co/s9K4xYhZO6
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by APPEALtd
27 June 22, 8:53am The oil and gas industry welcomes the release of the Queensland Government's new resources industry plan and looks… https://t.co/2XXCzr4GnN
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by APPEALtd
22 June 22, 1:28pm We'd like to thank guests for their input at today's #skills and #tech-focused #FutureAustralia #roundtable, inc… https://t.co/QMMaa9C3Da
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by APPEALtd
21 June 22, 4:32pm Today’s Queensland Budget shows the oil and gas industry will deliver almost $6 billion of royalties in coming year… https://t.co/m3bwlPuOQK
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by APPEALtd

Onshore gas

Santos announced today that it will supply around $100 million worth of gas to New Century’s zinc mine near Mt Isa in northwest Queensland.

APPEA Queensland Director Rhys Turner said the agreement to supply 9PJ of gas over the next four years was further evidence of the industry’s strong commitment to provide competitively-priced gas to the domestic market.

“This is a win for Queensland jobs and for regional development,” Mr Turner said.

“More gas also means more royalties for the Queensland Government.

“Today’s announcement shows that Queensland’s gas industry is producing enough gas to meet its export commitments and supply the domestic market.

“Other states should take note. The failure of New South Wales and Victoria to develop their own gas supply means customers in those states are paying a premium for their gas.

“The Australian Competition and Consumer Commission says transport costs can add 25 per cent to the price southern customers pay for Queensland gas.

“Interstate gas will always be more expensive than local supply.”