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Queensland releases onshore acreage

Two of the areas to be subject to a condition that will require any produced gas be pumped back into the domestic market

The Queensland government has released new acreage in a bid to find more gas to power local manufacturing and generate liquefied natural gas royalties.

The government has released nearly 18,000 square kilometres of land in the Surat, Bowen, Eromanga and Adavale basins for petroleum and gas exploration.

Two of the 12 areas up for grabs will be subject to an Australian market supply condition which will require any gas produced from the permits to be supplied exclusively to the domestic market.

““Many of the petroleum and gas blocks are greenfield sites, and I encourage new and local players, as well as junior explorers to enter the Queensland market,” Queensland Natural Resources and Mines Minister Anthony Lynham said.

“The solution to gas shortages is more gas and Queensland continues to do the heavy lifting on supply and policy initiatives, like our pilot of land for the domestic market only.”

Tenders for the two areas subject to the supply condition will close 8 December, while tenders for the remaining 10 areas will close between January and March next year.

Full details of the acreage on offer can be found here.