Queensland resources on the long-term roadmap for the state’s energy mix

Click here for photo of QRC Chief Executive Officer Janette Hewson

Today’s launch of Queensland’s Energy Roadmap shows the central and critical role coal and gas will play in the state’s shared energy future and puts both resources firmly in the mix.

QRC Chief Executive Officer Janette Hewson said that Queensland’s coal and gas are needed to guarantee the reliable baseload power to supply households and industry.

“Queensland needs a diverse energy mix that balances affordable, reliable and sustainable energy supply for all users,” Ms Hewson said.

QRC believes the Roadmap establishes a practical path to energy security by ensuring renewables and storage projects are providing the energy that Queensland needs before traditional coal fired stations are shut down.

“Extending coal fired power stations will allow more time for replacement capacity to come online and ensure a powerful mix of supply.”

“Gas shortfalls are forecast in the coming decades and if we are to meet the firming needs of the National Electricity Market then new projects or expansions are needed now.

“The Roadmap provides a level of certainty for investors that Queensland supports coal and gas and exploration.

“QRC will work with the government to ensure Queensland producers can meet the increased demand for gas, which will play a critical role in our long-term energy security.”

While supportive of the Roadmap’s intent for more of Queensland’s natural resources, the QRC encourages government to continue improvements for streamlining approvals.

“Queensland’s resources can take up to 16 years to get out of the ground due to duplication and excessive regulation in the approvals process.

“Queensland will miss its opportunity in the energy transition to produce more gas and thermal coal for generation and steelmaking coal for wind turbines or minerals for solar panels if projects don’t come online sooner.

The government’s commitment to proceed with Copperstring could unlock $500 billion in critical mineral reserves in the northwest.

“CopperString’s Western Link from Hughenden to Mt Isa is essential for exploration and production of the critical minerals needed for the energy transition.

“Resources companies can find some comfort in today’s North West Energy Fund announced along with the western link of the project, however delays could put projects at risk, particularly those that are critical to the energy transition.”

The QRC and its members will continue to consult Treasury to seek clarity on pricing and timing to ensure the CopperString project meets the needs of all users.

Media Contacts:

Jana Dore – [email protected]

Matt Dunstan – [email protected]