New LNG port services agreements signed off
NEW port services agreements have been signed off on.
The Queensland Government on Wednesday announced the Gladstone Ports Corporation had finalised negotiations with Queensland Curtis LNG, Australian Pacific LNG and Gladstone LNG.
The state's LNG exporters moved $1.14 billion worth of gas from January to July.
Exports are predicted to hit $15 billion over the next 12 months.
The three LNG projects are expected to hit the export phase next year, filling 10 ships a month.
Treasurer Curtis Pitt said the port services agreements offered a legal framework for allocating port capacity and charging for access to the Port of Gladstone's main shipping channels and infrastructure.
"These agreements are an important milestone in the growth of Queensland's LNG export industry," he said.
"They pave the way for a significant expansion in Queensland's LNG exports from the Port of Gladstone.
"Given the projected growth in exports and in port and vessel traffic, we need strong port service agreements in place to manage the Port of Gladstone while protecting the local environment," he said.
- SHERELE MOODY