Queensland company Senex Energy Limited’s $50 million investment into the Western Surat Gas Project is a major step forward in the company’s work to develop more gas production for the east coast gas market.
Queensland Resources Council Chief Executive Ian Macfarlane said today’s Senex Energy announcement was yet another sign that Queensland was getting on with business.
“This flagship project will create up to 100 jobs in the region, which is good news for the local community, and also has the potential to be good news for Queensland gas supply,” Mr Macfarlane said. “The QRC is pleased that Queensland is leading the way when it comes to working to address the problem of the east coast gas shortage.”
Just last month, the Queensland Minister for Natural Resources and State Development Dr Anthony Lynham announced the state government would release land in the Surat Basin for a pilot gas exploration project with an “Australia-only” sale condition.
QRC’s current data shows that in 2015-16, our state’s gas industry contributes $12.8 billion in economic contribution and supports 65,000 jobs and the advancement of the Western Surat Gas Project will only mean more revenue and jobs for Queenslanders.