Nov 02, 2018

Gas opportunities open up

Gas opportunities open up The State Government has invited companies to bid for gas exploration rights.

Companies have been invited by the State Government to bid for exploration rights for gas in the Bowen and Surat basins.

More than 6600sq km of unexplored land south-west of Chinchilla is to be opened up for exploration, with more than 900sq km of it to supply the Australian market.

Natural Resources, Mines and Energy Minister Anthony Lynham said the Bowen and Surat basins were key gas-producing regions already supported by extensive pipeline and transport infrastructure.

“The land we are opening up today is perfectly placed for companies wanting to hit the ground running,” Dr Lynham said.

“A secure domestic gas supply is on everyone’s lips right now, and Queensland continues to do the heavy lifting, releasing more land for exploration and putting the right policy levers in place to encourage investment.

“The provisions the Government has placed on 917sq km of this land will help with gas security for Australian manufacturers and fuel Australian jobs.

“As well as maintaining gas security in our own backyard, the remaining land for exploration will strengthen Queensland’s ability to deliver on lucrative, long-term export contracts worth $11.4 billion to the local economy this year alone.

Successful tenderers will need to meet stringent environmental, native title and land access requirements before commencing on-ground exploration.

Tenders opened yesterday and close on February 28 next year.

Recent Stories

Subscribe to IQ Now