The east coast gas supply is set for a boost with Arrow Energy’s announcement that it will commence work for its proposed expansion of the Tipton gas project in Queensland’s Surat Basin.
Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said Arrow would begin engineering works with the goal of more than doubling its production capacity to more than 80 TJ/d.
“The QRC congratulates Arrow on this exciting development which again demonstrates that Queensland is leading the way when it comes to working to address the problem of the east coast gas shortage,” Mr Macfarlane said. “Arrow has a strong record of working with local companies, so this is good news for local businesses and another vote of confidence in Queensland’s onshore gas industry. We only hope that the other states follow Queensland’s lead and open up gas reserves to help fix the energy crisis households and businesses, especially manufacturers, along the eastern seaboard are facing.”
Arrow’s planned expansion includes up to 90 new wells and another 180 wells over the next 25 years
QRC’s current data shows that in 2015-16, the state’s gas industry contributed $12.8 billion to the state’s economy and supported 65,000 jobs. The advancement of this project would mean more royalties and jobs for Queenslanders.