Queensland to Hunter pipeline to ease gas prices
The company behind a $900 million gas pipeline from the Hunter Valley to Queensland says it is now closer to getting the project underway.
Hunter Energy managing director Garbis Simonian told the ABC: "What held it up was the uncertainty over the sale of the electricity assets by the last labor government, which took forever and was, in the end, botched up, and the uncertainty over the carbon tax."
The pipeline will channel gas from methane fields in southern Queensland across the border to the Hunter Valley region - running underneath the ground for a total of 831 km.
According to the company's website, the project will help "deliver competitively priced gas to eastern Australia to meet growing demand for gas and improve security of supply".
Energy infrastructure is a growing concern for the nation as demand increases with population growth.
The project will also create 3,000 jobs within the construction industry.
Hunter Energy has said that the increase in delivery capacity sill reduce the cost pressure on NSW Transmission Tariffs.
As the Moomba and EPG pipelines are near capacity, the new channel may lower gas prices for residents in NSW.