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Here's hoping LNG money will sail back to Gladstone

SO, the first LNG ship has left our port.

Its valuable cargo will arrive in Singapore in the next few days and that will be the start of a long-term process, which will result in massive quantities of coal seam gas being processed into liquid form.

>> Watch: First LNG ship leaves Gladstone harbour

Each shipload of gas will mean the governments of Queensland and Australia will receive significant payments in royalties - initially from first cabs off the rank, QGC, soon to be followed by the other two proponents, Santos GLNG and APLNG.

At some stage gas from Arrow Energy will come into the mix, but exactly what will happen to that gas is a matter for conjecture.

Whatever happens, the governments will be rubbing their hands with glee at receiving millions and millions of dollars in royalties.

Gladstone's next big hope is that a reasonable quantity of these royalties will flow back into the regions from which they were paid - such as the Surat Basin and central Queensland.

Topics:  curtis island gas gladstone lng opinion our say



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