News

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




$100m plan for Curtis Island 'world class' luxury resort

$100 million resort: Top views at Turtle Street at Curtis Island.

"At the moment we think it meets all the town planning approvals.”

'Pick fights': Gladstone tradie banned after 'pub crawl'

Police are searching for two men who robbed the Central Lane Hotel last night.

Tradie banned from Central Lane Hotel for being a public nusiance

'Struck by a ship': Gladstone's drowning shame

DROWNING: Boats and other watercraft behind Gladstone's poor drowning record.

Boats behind Gladstone's high death toll in the water

Latest deals and offers

Folk singer looking forward to her Gympie Muster debut

Alternative country folk singer Fanny Lumsden will perform at the Gympie Muster.

FANNY Lumsden to serenade new fans with her country hall-style show.

Patti Smith confirmed for Bluesfest 2017

CONFIRMED: US singer Patti Smith performing in Switzerland last year.

Find out who else in the first line up announcement

Angie and Yvie ready to toast The Bachelor on Gogglebox

Angie and Yvie in a scene from the TV series Gogglebox.

ALL the regulars return in TV show about people watching TV.

Morgan Freeman asks: are we alone? Why do humans exist?

Morgan Freeman in Through the Wormhole. Photo: Discovery Science

Question all you thought you knew, on Foxtel.

Five new things to see and do at this year's Muster

There's already plenty of fun to be had at the XXXX bar.

Here are five new things to see and do at this year's Gympie Muster

You are going to Falls for this music line-up

CONFIRMED: Local artist Bernard Fanning is part of the line up for Falls Festival Byron Bay.

The line-up and ticket purchase details have been announced.

$100m plan for Curtis Island 'world class' luxury resort

$100 million resort: Top views at Turtle Street at Curtis Island.

"At the moment we think it meets all the town planning approvals.”

Gladstone landlords in trouble with Bechtel job losses

"If a big project was announced tomorrow I wouldn't want to see it"

Coast building approvals at seven-year high: report

The the 2015/16 Development Indicators Annual Highlights Report documents local development activity that took place during the last financial year.

New report shows increasing development on the Sunshine Coast

Top honours for Mackay and Whitsunday builders

The Kerrisdale Gardens property from Paynter Dixon Queensland which won them Project of the Year.

Mackay and Whitsunday builders awarded top honours last night.

Investors eye Gladstone's $4m island with resort approval

UP FOR SALE: Turtle Island is on the market.

CHINESE and Sydney investors flag interest in Gladstone island.

Developer announces plans for prime 1.2km beach frontage

An artist's impression of the development.

Developer announces plans for 1.2km beach frontage