Blue Energy has commended the announcement from Queensland Premier, Annastacia Palaszczuk, that the Queensland Government will invest $5 million in a concept study to investigate the feasibility and options for a new transmission pipeline south, to connect the Bowen Basin’s gas reserves to the east coast of Queensland.

The commitment was contained in the “Queensland’s Economic Recovery Plan”, released by the Premier.

Blue said it had regularly commented on the enormous gas resource that has already been discovered in the North Bowen Basin.

"This Basin has been producing gas north to Townsville manufacturers and electricity generators via the 273mm diameter North Queensland Gas Pipeline, since 2005," the company said.

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EnergyQuest says cargo shipped from the Shell-operated QCLNG project at Gladstone in Queensland and transported aboard the Sevilla Knutsen represented a milestone, first LNG export from Australia to Chile.

The tanker docked at Quintero, Chile on 15 August after a 24-day voyage of more than 13,500 nautical miles. QCLNG cargoes generally go to China and Japan.

Quintero mostly imports LNG cargoes from the Atlantic Basin.

EnergyQuest said that in 2019, it imported cargoes from the US, Trinidad Tobago and Equatorial Guinea, “so a cargo from Australia is unusual and shows the degree of over-supply in Asia”.

Historically, Chile imported its gas from Argentina but decided to build an LNG import terminal after interruptions to Argentinian supply in 2004-5.

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In the most challenging market conditions facing the Western Australian economy for a generation, the WA Government’s decision to place restrictions on the development of a potential new energy resource runs counter to the Government’s COVID-19 recovery plans of stimulating the economy and creating jobs.

APPEA’s WA Director Claire Wilkinson said: “As we look to the post-COVID-19 recovery, all responsible development, including of WA’s onshore natural gas resources and the economic activity and jobs it provides, should be encouraged, not stifled.

“A recent APPEA survey showed 89% of members surveyed have deferred project investment as a result of COVID-19.

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Geoscientist employment in Australia improved in the second quarter of 2020.  Nationally, unemployment decreased to 8.6% from 10% in the March quarter, while underemployment also fell to 17.4% from 18.1% for the period.

AIG President, Andrew Waltho, described the improvement as most welcome.  “The level of improvement observed in the survey results was small but defied the increase in unemployment observed in the Australian community as a whole, and the sharp downturn in economic activity affecting Australia’s economy” Mr Waltho said. 

“Some caution is needed with the improvement recorded only representing half of the increase observed during the first quarter of this year, but any improvement under the economic conditions prevailing in Australia at the moment is both welcome and encouraging” Mr Waltho said.

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The latest Australian Competition and Consumer Commission’s (ACCC) Gas Market Inquiry 2017-2025 report has confirmed for the eighth consecutive time that there is no shortfall in the domestic gas market.

The ACCC report again highlighted actions taken by the oil and gas industry to bring more natural gas into the local market will continue natural gas supply, ensuring domestic gas supply with a surplus of gas available to the domestic gas market.

APPEA Chief Executive Andrew McConville said despite facing strong headwinds including COVID-19 and the most challenging market conditions in a generation, the industry has increased the flow of gas to the east coast domestic market and this will continue.

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