The Palaszczuk Government plans to release two Surat Basin land parcels totalling 395sq km for gas development to supply to the east coast Australian market.
The new release, due to happen within two months, comes on top of 58sq km released in February.
Natural Resources and Mines Minister Dr Anthony Lynham told the Australian Petroleum Production and Exploration Association annual convention in Perth that any gas produced would only be able to be sold in Australia.
“This initiative shows again that Queensland is ahead of the pack on gas supply policy action,” Dr Lynham said.
“We had a positive response from industry to the first pilot release of land in February and it’s clear there’s an appetite in the market to develop Queensland’s gas reserves.
“Releasing more land will drive employment and investment in regional Queensland and eventually add to the gas currently available for domestic use.”
Dr Lynham told APPEA members he would continue to seek funds from the Turnbull Government for a gas pipeline to open up the Galilee and Bowen Basins.
“New pipelines will help open up new potential gas producing areas like the Galilee and Bowen Basins and connect with major east coast energy users in centres like Townsville,” he said.
The new tenders should be awarded before the end of the year.
Successful tenders will be required to complete environmental and other requirements before any land tenure can be granted, including negotiating land access agreements with landowners and native title parties.