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Queensland gas market
Gas is a vital energy source for Queensland's industrial and manufacturing sectors and will play a significant role in the state's continued economic and regional development. It is also increasingly used in electricity generation throughout Queensland
The State Government has also played a key role in supporting the developing gas industry, implementing the Queensland Gas Scheme. Under the scheme, Queensland electricity retailers and other liable parties are required to source a prescribed percentage (currently 15 per cent) of their electricity from gas-fired generation.
The mandatory target for gas-fired generation in the state increased from 13 per cent to 15 per cent in 2010. The mandatory target will remain at 15 per cent for 2011 with the facility to increase the target to 18 per cent by 2020. The associated development of new gas fields and infrastructure has boosted the gas industry (in particular coal seam gas), and increased supply for electricity generation and other uses.
Last updated 23 June 2011