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Dec 12, 2020

Bowen Basin pipeline study kicks off

Bowen Basin pipeline study kicks off

Work is underway on a $5 million study to investigate the best options for connecting gas reserves in the Bowen Basin to domestic customers and the export market.

If the proposal stacks up, Resources Minister Scott Stewart said there would be potentially 1000 construction jobs available and countless opportunities in gas production and other industries which relied on affordable sources of gas.

“Just like we opened up the Surat Basin 10 years ago and developed a $70 billion onshore gas industry, the Bowen Basin has the potential to be a source of future gas projects and jobs for Queenslanders,” Mr Stewart said.

“My department has been on the ground engaging with the gas sector to scope the study and ensure it will meet their needs to help them with their future investment decisions.

“Any potential new gas infrastructure will need to be fit-for-purpose and drive private investment and growth.”

The two-year study would also look at opportunities to capture gas emissions from coal mines in the Bowen Basin to contribute to supply, he said.

“This opportunity is a win-win proposition as it will increase gas supply and at the same time reduce our emissions,” Mr Stewart said.

“The other, more important, reason is to help industry grow to drive future resource projects and the thousands of jobs that will flow from them.”

Mr Stewart said the $5 million study was part of more than $29 million the State was investing over the next few years to support the resources sector.

“Through this year’s budget, $9 million is being invested over the next few years to help explorers discover new economy minerals that are high in demand globally in the renewables and tech sectors,” he said.

“In addition, to help keep explorers on the hunt, this year’s budget also waives $9.8 million in state rent and we have also frozen exploration fees and charges until 1 July 2021.

“The Queensland Government is doing what it can to help drive private investment and growth in the resources sector and keep business working and people employed.”

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