CSG changes to cost company $30k a well, QGC tells inquiry

QGC has told the Federal Government changes to CSG regulations will have little benefit for taxpayers.
QGC has told the Federal Government changes to CSG regulations will have little benefit for taxpayers. Contributed

CURTIS Island LNG company QGC has told the Federal Government proposed new regulations on coal seam gas would hit the industry hard with little return for taxpayers.

In a submission on the changes, the company argued attempts to measure fugitive emissions from natural gas production would cost the company at least $30,000 a well - but would only deliver $2300 per well in carbon tax.

QGC also argued the company cost would outweigh any environmental benefits.

The regulations aim to improve greenhouse gas measurements for calculating carbon tax in coal seam gas operations, and are set to be introduced in July.

QGC said that applying new regulations only to gas from coal seams was flawed because there was no specific difference in producing gas from coal seams or from any other gas reservoir.

It also said a year of public consultation only saw 17 public submissions made on the proposal.

But coal seam gas operations continue to draw public opposition.

Last week police were called when protesters chained themselves to a QGC truck at a drilling site north of Toowoomba.

Topics:  csg curtis island lng qgc resources

Thousands frock up for Ferguson Park's Cox Plate Day: Photos

Ruan Bimrose, Hollie Bimrose, Stephanie Burns and Sarah Meesham at the Ferguson Park races

See who was out for a punt at Ferguson Park for the Cox Plate Day

BREAKING: Car crashes into power pole in Gladstone

A driver has crashed their small Kia into a pole outside Hungry Jacks.

A CAR has crashed into a pole outside Hungry Jacks at Gladstone.

'Big relief': Emergency service boost with $150K fire station

START YOUR ENGINES: First officers Danny Devers, Errol Noye, Jason Polzin, Judy Ferrari, Colleen Yarrow, David Kretschmer, Jeremey Banks and Ron Barker from around the region hold up their keys to eight new Yellow Rural Fire Trucks.

"We've got it now and we won't give it up”

Local Partners

Top floor teams take out The Block's terrace week

Kim and Chris pictured on their winning outdoor terrace in a scene from The Block.

RIVALS Kim and Chris and Julia and Sasha tie in final week of work.

Bob Dylan slammed as 'arrogant' for Nobel silence

Nobel Prize winner Bob Dylan.

Singer the controversial winner of literature Nobel

Shannen Doherty reveals fear of dying in post on chemo

Actor Shannen Doherty shared this image of her lying in a hospital bed after a chemotherapy session.

Actor has been fighting cancer since 2015

Eddie Redmayne's stage fright on latest Harry Potter film

Actor Eddie Redmayne stars in Fantastic Beasts and Where to Find Them.

Actor felt like kid again when he got to film with a wand

Salma Hayek: 'Trump planted story because I turned him down'

Actor Salma Hayek is the latest woman who says U.S presidential nominee Donald Trump acted inappropriately.

Salma Hayek latest woman to accuse Trump of misconduct

Brisbane snake catcher shows who's the Boss

Brisbane snake catcher Julia Baker returns in season two of Snake Boss.

Hit show Snake Boss is back for another season

Hit songwriter's Noosa mansion on market

SPECIAL PLACE: The Cintamani estate is going to tender, marketed by Tom Offermann Real Estate.

Is this Queensland's best property?

Kiwi siblings snap up Dotcom mansion for $32.5m

The new toy company owners of the Coatesville mansion want replace any controversy with positivity and fun. Photo / Barfoot and Thompson

The trio paid $32.5 million for the property in June

Push to sell homes that flooded Gladstone's market

Suburban housing in Glenvale, Toowoomba, Friday, October 17, 2014. Photo Kevin Farmer / The Chronicle

URGENT push to cash-up first home buyers investing in Gladstone.

New $200 million development will create 580 jobs

Cassie And Josh with baby Alfie and daughter Andee. They have bought at new Lennox Head development Epiq.

Majority of new positions will be given to Northern Rivers locals

Cherrabah's mega resort plans axed

PLANS for a massive development at Cherrabah have been scrapped.

What our mayor thinks of the new draft SEQPlan

The plan to use the innovative technology as part of the new Maroochydore CBD was cemented on site today when Mayor Mark Jamieson and Envac Asia Region president Chun Yong Ha formally signed the contract for the $20 million underground waste collection system.

New plan accommodates Sunshine Coast Council's vision for growth.