Optus Platinum Award 2007
Australia TradeCoast Business Growth Award 2007
Queensland Gas Company
Queensland Gas Company (QGC) was founded to explore for and to develop coal seam gas (CSG) that had been located in a number of water bores within the Walloon Coal Measures in the Surat Basin in southern Queensland.
QGC has grown to the point that it is now supplying 15 per cent of the natural gas used in Queensland, and is constructing a major gas fired power station near Chinchilla. QGC also has plans to build a second power station at Gibson Island on the Trade Coast. As the reserve base of CSG expands, QGC will investigate the export of liquefied or compressed natural gas or reverse osmosis.
The company is presently selling approximately 20 Petajoules (PJ) per annum and from September this year will supply one half of Incitec Pivot’s Gibson Island plant requirements, thus extending the life of that plant by 10 years. In 2003, QGC had a market capitalisation of $22 million, four years later it is a tremendous $2,200 million (a hundred-fold increase).
The presence of a gas pipeline connecting Brisbane to the old Roma Gasfield was very important as it provided the vital infrastructure to move QGC’s gas to market; but equally important in the Brisbane context is the fact that electricity generation market has grown due to the demand for air-conditioning.
http://www.qgc.com.au