Business

Gas deal good news for the region, mayor says

A 20-year gas deal supplying gas to Santos’ GLNG site will be great for the region, according to the Banana Shire mayor Ron Carige.
A 20-year gas deal supplying gas to Santos’ GLNG site will be great for the region, according to the Banana Shire mayor Ron Carige. Contributed

BANANA Shire's mayor has applauded a deal between the Moura gas fields and the Gladstone LNG project, saying it was "good news for employees, local businesses and the regional economy".

The deal, announced last month, gives Meridian a new 20-year agreement with GLNG to replace existing gas sales contracts that are due to expire in 2015, and underpins the long-term future of the gas business operated by WestSide Corporation Ltd in joint venture with Mitsui E&P Australia Pty Ltd.

Mayor Ron Carige recently met in Biloela with WestSide's managing director Mike Hughes, who provided an update on the company's plans to invest in expansion of the business to increase production over the next three years.

"It's great to see a company like WestSide announce plans to invest in the expansion of a local business at a time when many others are having to cut back," he said.

The Meridian operation in Moura currently employs a permanent workforce of about 15 people, most of whom live in Moura or are based in the region.

In the longer term the deal will create additional indirect employment through sustained investment in the business.

"Importantly, the new sales agreement underpins the longer-term future of Meridian, which will continue to support regional businesses and the community through ongoing investment and the generation of local employment opportunities," Cr Carige said.

THE DEAL

WestSide and Mitsui plan to expand the Meridian gas field to supply increasing volumes of gas to the Gladstone LNG project from 2015.

Under the terms of the sales agreement, up to 65 terajoules of gas per day will be supplied from Meridian to GLNG over a period of 20 years.

Topics:  banana shire curtis island gas glng lng moura resources santos



How to survive a bushfire in your car

IT SOUNDS like a nightmare, but it can happen.

Eight reasons to join the RFS

SPREAD across 93% of Queensland, the Rural Fire Service has about 36,000 volunteers. And you could be one of them.

What if my insurer gives me grief?

CLAIMING your insurance cover after a natural disaster can go one of two ways. It can be a breeze, or like pulling teeth.

He's accused of raping his cell mate while watching porn

Borallon Correctional Centre. Photo Contributed

A CAPRICORNIA Correctional Centre inmate is on trial.

BOM: Severe weather warning tonight

REAL TIME: A massive cloud band is moving across Rockhampton right now. Source: Real Time BSCH

Possible flash flooding for the region

Thieves spoil mangoe lady's trip to the Rockhampton region

Jason Pfingst of Lilly Pilly Organics wants to grow the Yeppoon Markets, as part of the new Relish Capricorn initiaitive.
Photo: Contributed  /  Rural Weekly

Sharon drives down almost every week to sell her mangoes

Local Partners

Chris Pratt fell asleep while babysitting

Chris Pratt revealed he fell asleep during babysitting duties

Kylie Minogue: I want to get married soon

Pop star Kylie Minogue has revealed she hopes to get married soon

Amanda Seyfried lets slip the sex of her baby

Amanda Seyfried has suggested the sex of her baby

Meet the Brisbane breakfast radio king's replacement

Craig Zonca ABC Radio

ABC announces Craig Zonca as the replacement for Spencer Howson

How predictable are your Netflix habits?

Stranger Things is taking the world by storm as a new-age nostalgic Sci-Fi Thriller

The new entertainment binging pattern

Kanye West is on the mend now he's back from hospital

Kanye West is more relaxed since returning home from hospital

Ipswich City Properties asset portfolio retains its value

Ipswich City Council Administration Building, South Street, Ipswich. Photo: Claudia Baxter / The Queensland Times

New website launched by Ipswich City Council

High profile premier invests in Gladstone industrial facility

Former Queensland premier Campbell Newman heads a group that bought the UGL warehouses in Paget for $10 million.

FORMER PREMIER heads group that's backing Gladstone to bounce back.

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

VOTE IN OUR POLL: Sand mine opponents face serious dilemma

Public meeting for the proposed sand mine at Maroochydore last week.

Coast MP calls on Minister to stop KRA proposal with stroke of a pen

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Ready to SELL your property?

Post Your Ad Here!