Billion-dollar boost in pipeline

More than $10 billion in pipeline infrastructure is expected to be spent in Queensland over the next decade, according to new figures released by the industry, which predicts that number could grow much higher once a Green-tinged Federal Parliament is sworn in. While much of that $10 billion is awaiting a final investment decision and the completion of gas supply contracts from the coal seam gas to liquefied natural gas proponents before it is spent, Australian Pipeline Industry Association chief executive Cheryl Cartwright said it was vital that federal and state governments were prepared for Queensland's $50 billion-plus LNG boon.

'It is important for Australia that the CSG industry growth is not delayed, and our industry is keen to work with governments to ensure progress of such CSG development,' she said. 'Australia has the equivalent of some 250 years worth of natural gas resources in Queensland alone, and we should not miss this opportunity to develop these reserves, as all nations move away from coal-fired power generation.'

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