Toowoomba and Surat Basin Enterprise (TSBE) has provided information to companies involved in the energy supply chain to look into upcoming opportunities supported by the Southern Queensland Innovation in Export Hub (SQ Export Hub) program.
The SQ Export Hub is an innovative export hub established by TSBE that is designed to work with SMEs to deliver services that are designed to consider the region’s economic drivers, industry diversity and infrastructure development, including global reach through the inland freight hub.
In addition, Arrow Energy general manager for contracting, procurement and logistics, Jason King, was able to provide an update on the Surat gas project after joint venture partner Shell Australia committed to a final investment decision.
The $10 billion project is expected to deliver up to 90 billion cubic feet per year of gas to market at peak production, which will flow to the Shell-operated QGC liquefaction plant to be sold locally and exported to international markets. Construction of the project will commence in 2020, with first gas sales expected in 2021.
“Phase one is an expansion north and south from Arrow’s current operational areas at Daandine and down to Tipton,” King said.
“There will be new connections into two Shell-QGC operated compression facilities (David and Harry) as well as connections and infrastructure to support the treatment of water for a beneficial use network.”
Earlier this year, NERA released the Growing Australia’s Oil & Gas Supply Chain report that analysed the size and composition of the domestic supply chain.
The report outlined that if the growth challenges are addressed within Australia’s oil and gas supply chain, suppliers could capture an additional $7 billion of value by 2030, generating up to $49 billion to the economy.
SQ Export Hub Export manager oil, gas and energy resources, Helen Bates, said the Southern Queensland region has exceptional innovation and capability in a highly diversified skilled workforce, and companies are willing to invest in this innovation and technology as well as advanced manufacturing.
“Now more than ever in the current global economic climate our region should look at collaboration, cross pollination of knowledge across industries and change our position in the global market as a leading source of knowledge and solutions for both products and services that are competitive, innovative and of a high quality,” Bates said.