The North Bowen and Galilee basins have significant potential to produce more gas and other resources.
A growth in projects will create thousands of direct jobs across the region, and opportunities to grow new supply chains, manufacturing, and other supporting businesses. This is central to the government’s Gas-Fired Recovery agenda.
The Strategic Basin Plan program will accelerate resources development in these basins. The staged approach outlined in this strategic basin plan identifies opportunities and provides a pathway to manage challenges. It takes measured steps to gather data and demonstrate commercial opportunities that will attract investment to the region.
The government will follow the best research, data and expertise to continue to support the sustainable development of the region’s resources industry.
Strong relationships between the Commonwealth, Queensland Government, industry, and communities in the North Bowen and Galilee region are key to success.
Partnerships are central to a range of government initiatives that encourage resources development in the basins and around Australia, including support for:
- Exploration, through the $225 million Exploring for the Future program, and the $200 million Junior Minerals Exploration Incentive, to identify new resources opportunities
- Export projects with financial support available through Export Finance Australia
- Business-led infrastructure projects, using the $5 billion Northern Australia Infrastructure Facility
- Regulatory applications, through the Major Project Facilitation Agency.
Through these programs, the government has boosted the resources industry by hundreds of millions of dollars. In turn, Australia’s world leading industries are returning billions to the economy.
This strategic basin plan continues to support the government’s vision for the world’s most advanced, innovative and successful resources sector.
By unlocking new resources potential we will power Australia’s energy needs, support new jobs, and drive the nation’s economic recovery from the COVID-19 pandemic.