Coal and LNG fuel Queensland export upsurge
Queensland Resources Council Chief Executive Ian Macfarlane said the latest trade data from the Australian Bureau of Statistics showed the ongoing importance of the resources sector to the State’s economy.
“Coal exports grew by 11.5 per cent, or an extra $3.9 billion, while Queensland’s second most valuable export, gas, is also enjoying strong volumes, with EnergyQuest’s data showing Queensland sent 8.2 petajoules of gas to other states while exporting 27 cargos of LNG worth $1.42 billion in August,” Mr Macfarlane said.
“It’s no wonder that the Port of Gladstone is setting export records this year.
“Mining, along with agriculture, is a vital primary industry that creates jobs and investment. Behind every billion in export values, there are jobs in local towns, and support for regional communities.”
Mr Macfarlane, who recently returned from a trade trip to China with the Treasurer Jackie Trad said Queensland had what the world needs.
“Our sector delivered more than 80 percent of Queensland’s export earnings. In dollar terms, exports from coal, minerals and gas are worth just under $200 million every day,” he said.