The Queensland Resources Council (QRC) has welcomed the action by Australia Pacific LNG (APLNG) to supply 61 petajoules (PJ) of gas to the Australian domestic market which is the equivalent yearly demand of around 1.5 million households.
“I applaud APLNG for helping to put downward pressure on energy prices by increasing supply into the domestic market through this new agreement with Origin Energy. It’s another sign of the Queensland gas industry leading the nation with a proactive approach to developing its gas reserves,” Mr Macfarlane said.
“Our southern neighbours must take a leaf out of our book, instead of relying on our State to meet the gap caused by their failure to develop their own gas industries. Gas exploration has stalled in New South Wales and Victoria, despite the fact all jurisdictions have their own reserves in the ground.
“Queensland’s gas industry is doing its part to ensure domestic gas users have access to affordable and reliable gas supplies.”
APLNG said the new contract increases the company’s total domestic contracted supply commitment to over 340 PJ for 2020 and 2021 which is over 30 percent of total east coast domestic demand for each year.
Mr Macfarlane said people wanted industry and Government to work together with communities and wider society to promote effective, constructive, and mutually beneficial relationships.
“Queensland’s resources industry has a proven track record of attracting new investment and creating new jobs because of the clear and stable regulatory environment in which it operates. It is essential that we have stable and reliable regulation for our resources sector to continue to attract the investment that builds our State and delivers for every Queenslander.”