QUEENSLAND Resources Council (QRC) has welcomed Brisbane-based Senex Energy signing its first domestic gas contract from the company’s Project Atlas in the Surat Basin.
QRC chief executive Ian Macfarlane said the agreement was an Australian first and showcased Queensland’s leading regulatory framework designed to increase supply in the domestic market.
“Senex Energy developed gas at Project Atlas after the Palaszczuk Government released the land specifically for the domestic market," Mr Macfarlane said. "QRC has always been a strong supporter of this domestic gas policy and it’s another example of how Queensland continues to do all the heavy lifting to provide extra gas for the eastern Australian market.
Senex has agreed to supply building products group CSR with 3.25 petajoules (PJ) of natural gas which has the potential to fuel more than 200 Queensland manufacturing jobs.
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," Mr Macfarlane said. "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.”
The Queensland resources sector now provides one in every five dollars in the Queensland economy, sustains one in eight Queensland jobs, and supports more than 14,200 businesses across the State all from 0.1 percent of Queensland’s land mass.