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Quotes by TradingView

New study to unlock potential of Bowen Basin gas

25 Jun, 2021
147
Bowen Basin
Image by Jackson Stock Photography.


The initial concept phase of the $5 million Bowen Basin pipeline study is underway, which will investigate potential pipeline and infrastructure to improve the delivery of Bowen Basin gas to  domestic and export markets.

Resources Minister Scott Stewart said additional gas infrastructure will provide new sources of supply, “leading to more affordable gas and supporting jobs across our critical supply chain and industries”.

KPMG, in partnership with GHD and Netherland, Sewell & Associates Inc, has been contracted to deliver the concept study which is expected to take six months with final recommendations to be made by the end of the year.

Mr Stewart said the study will also analyse the potential amount of gas and sources of fugitive emissions in the area and determine the feasibility and best pathway for the infrastructure to achieve multiple benefits.

“This study will look at ways in which we can better capture fugitive emissions from the coal mines of the Bowen Basin and put them to use for things like power generation and manufacturing,” he said.

“This will not only bring additional gas to market but will also make a valuable contribution to Queensland’s transition to a low carbon economy.

The Federal Government has made a $5 million commitment in the 2021/2022 budget towards the program.

“We will work closely together to ensure these additional opportunities are maximised.”

Member for Mackay Julieanne Gilbert said the potential pipeline meant there could be opportunities for local businesses to gain work and create jobs.

“Our traditional strength is in resources, and this key initiative of Queensland’s Economic Recovery Plan will strengthen regional Queensland’s recovery from the impacts of the COVID-19 pandemic.

Mr Stewart said since 2015 the Queensland Government has released more than 80,000 square kilometres of land for gas exploration, over a quarter of it guaranteeing the gas will be for Australian consumers.

“It was a ground-breaking move, and a national first, when we released land nearly three years ago exclusively for gas for the domestic market.”

Related Articles

Queensland’s Bowen Basin

Study finds Queensland’s Bowen Basin could secure future gas supply

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