Experts predict new resources surge, fourth LNG plant

QUEENSLAND’s peak resources body is predicting a new surge in the sector, including the next phase for the slated fourth LNG project in Gladstone.

Speaking at the Australian Steel Convention on the Gold Coast on Monday, Queensland Resources Council chief Michael Roche said despite the current tough trading environment, “irresistible forces” were driving the next investment phase.

“The challenge now for us as a developed, resources-rich country is how to get the settings right at home to secure our fair share of that next wave of investment,” he said.

Mr Roche said the Galilee Basin mine, rail and port projects could be the next big thing in Queensland after the completion of the three LNG projects in Gladstone.

“And Arrow Energy is looking to present to its owners in 2014 the business case to move ahead with Queensland’s fourth coal-seam gas to LNG project in Gladstone,” he said.

Mr Roche also highlighted the issues of starfish outbreaks and water quality in the Great Barrier Reef.

“We, along with reef communities from Gladstone to Cape York, are relieved that our message got through to the major parties, with new funding announced for Reef repair initiatives,” he said.

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