Commissioner to oversee industry

THE Bligh government has appointed Kay Gardiner as Queensland gas commissioner to monitor and guide development of the state's gas market in the context of the emerging Liquefied Natural Gas (LNG) industry.

Mines and Energy Minister Stephen Robertson said Ms Gardiner brought to the position a depth of experience in strategic gas industry policy, market development and regulation.

“The LNG industry is fast growing in Queensland and within a decade could add more than $3 billion to the state's economy and create more than 18,000 jobs,” Mr Robertson said.

“Ms Gardiner will work closely with industry and government agencies to identify any issues for the domestic gas market which may arise during the development of this important sunrise industry.

“She will monitor gas market outcomes both locally and internationally and report on the adequacy of supply to support domestic requirements and achieve long-term growth in the Queensland gas market.”

Mr Robertson said one of the gas commissioner's key roles was to deliver an Annual Gas Market Review for Queensland.

“The annual review process will inform our decision-making about security of supply issues, identify ways to better manage gas resources, and examine ways to increase competition in the market.”

Mr Robertson said the State Government was also delivering on its commitment to implement a Short Term Trading Market for gas in Queensland in 2011.

“As the Short Term Trading Market is a national initiative, my department has taken action with its commonwealth and other state counterparts to make the necessary amendments to the National Gas Rules to progress the project and meet our delivery timeframes,” he said.“A Queensland Short Term Trading Market will encourage competition and improve the flexibility and transparency of the Queensland gas market.”

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