Media Release: Gas industry congratulates new Crisafulli LNP Government

Queensland’s oil and gas industry congratulates Premier David Crisafulli and looks forward to working with the incoming LNP Government on the sector’s strategic plan for economic and energy security.

The gas sector is a major contributor to the Queensland economy, delivering around $1.4 billion in government revenue each year and supporting 67,600 Queensland jobs. In 2023-24, the industry spent $3.9 billion with 3,477 Queensland businesses, predominantly in regional parts of the state.

Australian Energy Producers today committed to work with the new Premier and his government to realise the full potential of the state’s gas sector.

The industry’s strategic plan Queensland natural gas: A plan for economic and energy security underscored the importance of natural gas to the state’s economic prosperity, energy security and net zero emissions future.

“A new term of parliament offers the opportunity to support the investment in natural gas needed to drive long-term economic and employment growth,” Australian Energy Producers Queensland Director Keld Knudsen said.

“At a time when cost-of-living pressures are front of mind, the oil and gas industry look forward to working with the incoming government to ensure reliable and affordable energy for Australia and our region.

“The natural gas industry continues to be one of the state’s great success stories, supporting more than 67,000 Queensland jobs and delivering billions of dollars to the state budget to fund schools, hospitals and essential services.”

Australian Energy Producers’ plan for Queensland focuses on unlocking the significant benefits of the sector, particularly in regional parts of the state, with five policy actions for the LNP government:

• Leverage Queensland’s natural gas to put downward pressure on energy prices.
• Improve regulatory efficiency and remove barriers to boost natural gas supply. 
• Protect the environment while delivering economic benefits for Queensland. 
• Support stable fiscal and royalty policy. 
• Incentivise and support low emissions technologies.

“Prioritising these actions will drive investment in new gas supply and realise Queensland’s full potential for economic growth, job creation and energy security,” Mr Knudsen said.

The strategic plan for the sector builds on our Economic Impact of Queensland Petroleum & Gas Sector 2011-2023 report highlighting the gas sector is powering the Queensland economy, delivering jobs, supporting regional communities, and spending more than $80 billion with businesses across the state. 

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