The Queensland State Government has expressed its confidence in the health and longevity of its gas mining sector, with a number of new major investments set to deliver ‘decades of jobs for Queenslanders’.

 

State Employment Skills and Mining Minister Stirling Hinchliffe, releasing the Queensland 2011 Gas Market Review Report, said recent gas projects in the pipeline would create around 18,000 jobs for Queenslanders and reinforce the state’s reputation as a hub for cleaner, greener energy solutions.

 

The Minister said the Queensland 2011 Gas Market Review Report shows the state’s gas market will continue to grow, fuelled by increased demand to meet domestic and industrial gas supply, electricity generation and the emerging LNG export industry.

 

The report, prepared annually by the Queensland Gas Commissioner, provides an analysis of the Queensland gas market in the context of the Eastern Australian gas market and liquefied natural gas (LNG) industry development.

 

“Worldwide, the preferred route to exploiting excess gas is LNG, a global market that saw rapid growth and high prices during the oil price surge from 2003 to 2008,” the report found.

 

It also informs government decision-making on the security of domestic gas supply, more effective resource management and the development of a more competitive gas market.

 

The announcements by the State Government come as the Queensland Gas Commissioner advised there is a need for greater market clarity around activities planned to achieve gas reserves for domestic gas market supply.

 

The full report can be found here