• Natural Gas News

    AusGasCo Bags Two Queensland Gas Permits

Summary

The two blocks are located in Bowen and Surat basins.

by: Shardul Sharma

Posted in:

Complimentary, NGW News Alert, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Exploration & Production, CBM, News By Country, Australia

AusGasCo Bags Two Queensland Gas Permits

Brisbane-based AusGasCo has been awarded two gas exploration permits in Queensland’s Bowen and Surat basins, the state government said on February 3.  

Minister for resources Scott Stewart said first time explorer AusGasCo has been appointed preferred tenderer for two blocks, located to the east and south-east of Injunetotalling 114 km2. 

“Not only are we are doing all we can to get more gas in the market, but we are welcoming first time junior explorers to help bring more jobs and economic benefits to Queensland,” Stewart said. “In fact, during 2020 we released a total of 8,205 km2 for gas exploration to maintain a pipeline of future resources projects.” 

The government said that since 2015 it has released more than 80,000 km2 of land for gas exploration, over a quarter of it guaranteeing the gas will be for Australian consumers. The government is also investing A$5mn to investigate the feasibility of a physical 500-km gas transmission pipeline to connect the Bowen basin to the domestic and export markets.