The Australian federal government’s approval of 2 giant coal seam Nat Gas projects in Queensland will create more than 12,000 jobs, and generate Billions of Dollars, the Queensland Resources Council said Saturday.
Federal government on Friday approved the projects, which BG Group and a consortium involving Santos, Petronas and Total will capture and pipe coal seam gas from the Surat and Bowen Basins to Gladstone in central Queensland.
“These 2 projects will see Queensland become a serious Global player in the export of Liquefied Natural Gas (LNG) to our Asian pacific neighbors,” Queensland Resources Council’s spokesperson Michael Roche said Saturday. “These projects together will be pumping out more LNG than the Gorgon Project in Western Australia so this is pretty big news for Queensland.”
According to Australia’s largest domestic Nat Gas producer, Santos, the company wants to work with the community and governments to create thousands of jobs and billions of dollars for the economy.
“It has take over 3 yrs so we are very excited to get to this point that’s for sure,” Santos spokesman James Purtill said. “The project has undergone a pretty thorough environmental approval and community consultation process, I would say it was one of the most comprehensive in Australian history.”
Meanwhile, Queensland Coal Seam Gas director Ross Dunn said if the projects proceed as planned Australia will become one of the World’s leading suppliers of LNG.
Dunn indicated that Australia is about the sixth largest producer of LNG around the world, and when BG Group’s projects come on stream and together with the Gorgon Project in Western Australia, that will take the nation to about the 2nd largest producer of LNG in the World.—Paul A. Ebeling, Jnr. www.livetradingnews.com
See the map in this file, why does the gas have to be piped to Gladstone while there are closer ports to utilize?
https://docs.google.com/leaf?id=1arsNYkEyUHLz4ku9fpAal_I3ygEJ-ru-55H14avAh3EdrsqLL0dYUYqbQm1v&hl=en