Job market taps into emerging gas technology

 

THE State Government has allowed for the creation thousands of jobs by giving the green light to a joint development between competing gas industries.
Minister for Mines and Energy Geoff Wilson says State Cabinet approved trials of underground coal gasification near Chinchilla and Kingaroy.
Wilson says the trials will be in joint development with coal seam gas, which will serve to benefit both the environment and the economy.
“Gas is a vital path to a cleaner energy future. It has half the emissions of coal-fired power and it’s in abundance in the Surat Basin, which is set to rival the Bowen Basin as the state’s economic powerhouse,” says Wilson.
“Two industries will benefit from our decision, but the ultimate beneficiaries will be Queensland’s environment and our economy. This will generate thousands of jobs for workers around the state.”
Coal seam gas converts into liquefied natural gas or LNG and there are currently seven LNG export projects being considered by the State Government.
“When these projects are up and running, they will inject billions of dollars into Queensland’s economy and lead to around 1750 jobs on site, and up to 4000 jobs during construction stages,” says Wilson.
Underground coal gasification is an emerging technology that has been largely untested in Australia, so the three pilot projects that will convert coal seams into synthetic gas will be monitored under strict conditions.
“They will have to meet the most stringent environmental standards,” he says.
 

Get our daily business news

Sign up to our free email news updates.

 
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

‘Arrogant, not listening, not fast enough’: Former Star CEO reveals NSW casino regulator’s gripes

‘Arrogant, not listening, not fast enough’: Former Star CEO reveals NSW casino regulator’s gripes

The Star Entertainment Group's (ASX: SGR) former CEO Robbie Coo...

Australia's answer to MTV reality hit Jersey Shore to be filmed in Cairns

Australia's answer to MTV reality hit Jersey Shore to be filmed in Cairns

The hit international reality MTV franchise that produced Jersey Sh...

Two family-owned supply chain trackers and labelling experts combine as Peacock buys insignia

Two family-owned supply chain trackers and labelling experts combine as Peacock buys insignia

Two Australian family-owned supply chain trackers specialising in l...

Abu Dhabi fund ADQ buys 49pc stake in infrastructure investor Plenary for $1 billion

Abu Dhabi fund ADQ buys 49pc stake in infrastructure investor Plenary for $1 billion

Abu Dhabi-based sovereign wealth fund ADQ has reached a deal to buy...