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Yebna North Project: Santos, Petronas, Total and KOGAS to invest $30 million in regional Queensland gas industry

Jobs and businesses in the Roma region are set to benefit from the expansion of gas wells in southwest Queensland, courtesy of a $30 million investment in the state’s energy industry.

MORE JOBS: Southwest Queensland’s economy is set to be boosted with a $30 million investment in Yebna North by Australian gas producer Santos and its GLNG partners. Picture: File
MORE JOBS: Southwest Queensland’s economy is set to be boosted with a $30 million investment in Yebna North by Australian gas producer Santos and its GLNG partners. Picture: File

Southwest Queensland’s economy is set to be boosted with a $30 million investment in Yebna North by Australian gas producer Santos and its GLNG partners (Petronas, Total and KOGAS).

Premier Annastacia Palaszczuk said the investment would enable production from an undeveloped area in the north east of the existing Fairview coal seam gas field near Injune, and would generate an estimated $22 million in royalties for Queensland.

“The $30 million investment will support jobs and business opportunities in the Roma region with Santos already spending $650 million a year with regional Queensland businesses,” Ms Palaszczuk said.

“My government continues to work closely with the resources industry because we are committed to creating jobs for Queenslanders.”

Santos and its GLNG partners would invest around $800 million in Queensland in 2021 to support the employment of nearly 1200 Queenslanders, and will provide more opportunities for small and family businesses in the regions.

Santos CEO Kevin Gallagher said he welcomed the state government’s support of the gas industry. Picture: Glenn Campbell
Santos CEO Kevin Gallagher said he welcomed the state government’s support of the gas industry. Picture: Glenn Campbell

The Yebna North project will connect 13 appraisal wells to the existing Fairview pipeline and power distribution network.

Santos chief executive officer Kevin Gallagher said the Palaszczuk Government had been a great supporter of the gas industry and the jobs and investment we create here in Queensland.

“We’re very pleased to work with the Queensland Government to continue to explore and develop new gas supplies for both domestic and LNG markets,” Mr Gallagher said.

“Queensland continues to lead the way and do the heavy lifting for the east coast gas market in Australia and in doing so, Queensland communities like Roma are benefiting with stronger local economies.”

In the 12-months to February 2020, the resources sector earned $47 billion in export revenue, contributing significantly to Queensland’s gross State product.

Original URL: https://www.couriermail.com.au/news/queensland/chinchilla/yebna-north-project-santos-petronas-total-and-kogas-to-invest-30-million-in-regional-queensland-gas-industry/news-story/de845b11a0a492a033d3fdfdd97e8829