Queensland is an energy powerhouse. As the largest onshore gas producer in Australia, we are delighted to host the APPEA 2019 Conference and Exhibition, and as Premier of the State, I warmly welcome you to Brisbane.
With world-class petroleum and gas reserves, our State has developed an unprecedented
$70 billion onshore gas industry in eight years. Gas is now our second largest export commodity, and we are currently ranked as the fourth largest LNG exporter in the world.
Queensland offers significant opportunities for exploration investment with proven gas reserves and access to infrastructure to get the gas from well to market.
We are well and truly open for business.
In June 2018 we announced the release of more than 43 000 square kilometres of land for oil and gas exploration – the largest amount ever released under the State’s exploration program . This program , which schedules land releases via competitive tender over 18 months, is part of my Government’s commitment to build a strong economy, support long-term export contracts, which were worth $11.4 billion to the local economy last year alone, and create more jobs for Queenslanders.
We have taken action to increase the supply of domestic gas by making a number of land releases areas conditional on the gas produced being for domestic use only. Queensland is actively working with the Federal Government as part of the Gas Acceleration Program to help get more gas into the domestic market by 2020.
Gas is an economic enabler for our industrial and manufacturing sectors. To ensure these sectors and the economy thrives, they need confidence in a reliable and affordable gas supply. Gas is also playing a critical role here and globally as a transition fuel as we move to a renewable energy future.
In Queensland there are opportunities for junior and major explorers with massive gas reserves, plenty of unexplored land in frontier basins, and capacity to tap into existing infrastructure.
I thank you for your support and confidence in our oil and gas industry, and I encourage you to enjoy the sites, and sights, of our resource-filled State.
ANNASTACIA PALASZCZUK MP
PREMIER OF QUEENSLAND
MINISTER FOR TRADE