Increasing royalties is one of the options under consideration as the Queensland government looks to reel in its A$80 billion (US$74.9 billion) debt, targeting a A$35 billion to A$30 billion reduction.
“Increasing royalty payments from the state’s natural gas industry which is currently investing A$70 billion on projects to deliver natural gas to the world and is responsible for 40,000 jobs, is simply not a strong choice for Queensland,” APPEA’s chief operating officer for eastern Australia, Paul Fennelly, said.
“We
