Queensland locking in more domestic gas

first_imgQueensland locking in more domestic gas Minister for Resources The Honourable Scott StewartQueensland-based energy company Comet Ridge has been given the green light for a new Bowen Basin based project which will see more gas made available for the domestic market.Resources Minister Scott Stewart said Queensland-based energy company Comet Ridge has been granted an Authority to Prospect over a 338 square kilometre parcel of land located in the gas rich Bowen Basin.“In the last 12 months the Palaszczuk Government has approved 10 new Authority to Prospect – half of which (1447 square kilometres of new land) have a domestic gas condition which requires any gas that’s found to stay in Australia,” Mr Stewart said.“The new ATP allows Comet Ridge to begin exploration for new sources of gas while utilising their existing gas infrastructure in the region to plug straight in and get gas to market faster.“The new Mahalo Far East project will invest about $5.5 million over six years into the state and local economies.“Supporting exploration in Queensland and maintaining a pipeline of resources projects means more gas for local industry and more jobs.“The resources industry has been essential during the COVID-19 global pandemic and will help continue Queensland’s economic recovery.”Comet Ridge Managing Director Tor McCaul said the Mahalo Far East block contains a very large gas in place volume and is an important upside addition to the Mahalo Hub area.“Combining these blocks and sharing one large development for the whole Mahalo Hub area will provide greater efficiency and scale economy, as well as a material injection of gas into the east coast market, at a critical time,” Mr McCaul said.“Importantly, a proportion of this Mahlo Hub gas is earmarked for the domestic market.”Since 2015 the Palaszczuk Government has released more than 80,000 square kilometres of land for gas exploration with almost a quarter of it guaranteed for the Australian domestic market.The Palaszczuk Government is also investing $5 million to investigate the feasibility of a physical 500km gas transmission pipeline to connect the Bowen Basin to the domestic and export markets. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Australian, Bowen, Comet, director, efficiency, exploration, Government, industry, infrastructure, Minister, Palaszczuk, pipeline, QLD, Queensland, resources, Torlast_img read more