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Resources chief welcomes Shadow Cabinet appointments
The Queensland Resources Council (QRC) has welcomed the appointment of a dedicated Shadow Minister for Queensland Resources in Queensland Senator Murray Watt.
“Senator Watt’s appointment is recognition of the nationally significant contribution of the Queensland resources sector and the 420,000 Queensland men and women who work in it or because of it,” said QRC Chief Executive Ian Macfarlane.
“With Queensland a resource powerhouse state, it makes sense to appoint a Queenslander to this role.
“QRC as the representative for the state’s coal, mineral and gas producers, explorers and associated suppliers, is proud of the $82 billion the sector contributes to the Queensland economy, particularly as we respond to and recover from COVID-19,” he said.
A House panel has advanced a bill that would phase out two costly coal tax credits that a state investigation recently found generate economic losses for Virginia.
PetroChina, Sinopec aim for 35 bcm shale gas output by 2025 2020 output at 20 bcm, a tenth of China’s total gas production Shale formations deeper than 4,000 metres trickier to access
SINGAPORE, Jan 26 (Reuters) - Chinese oil majors will struggle to extend fast growth in shale gas production beyond 2025, as complex geology and failure to draw in more investors make it expensive to develop the unconventional resource.
That would be a blow to China’s efforts to cut its reliance on gas imports, presently 42% of total consumption. It would also mean Beijing will have to step up development of other costly gas resources in its remote northwest to meet demand, as the country steers away from coal to achieve climate goals.