Surat BasinNEWS Thursday 25 June 2009
32 pages $1.00 inc GST
SANTOS SPROUTS INNOVATION
The CSG company’s solution to waste water overflow on Pages 28-29
Race north heats up This quarter, the four aspirants out to create a multi-billiondollar LNG export industry in Queensland all claimed milestone achievements in the race to Gladstone. While the Surat Basin may still be four years out from linking to an LNG plant at Curtis Island, activity on the province’s gas fields is at fever pitch. Check inside to see how the LNG race is unfolding.
BG GROUP - P13
ARROW - P13
ORIGIN - P16
SANTOS - P18
PHENOMENA BY John Farmer editorial @suratbasin.com.au
Richard Krause has in his lifetime seen a lot of regions swept along by a wave of new industry. He was raised in the Bowen Basin when coal was being consumed faster than it could be mined; he helped propel Mackay through a surge of new industry and investment. Mr Krause even brought resort golf courses to cities where the only greens were found in the public domain. So from his new job as CEO of the Surat Basin Corporation, he was not expecting to be overawed by the potential of an energy province only just being realised. Three months into the job, Mr Krause now knows that was never going to be the case. "There is such huge potential — potential that has never before been repeated in history — in this relatively restricted
CONFERENCE PREVIEW - P4 area,” he said. “It's a one off phenomena — a once in a lifetime phenomena.” Mr Krause said the extent of the activity across the Surat Basin's resource rich country would be on show at the 2009 Surat Basin Energy Conference, opening on August 19 in Dalby. As CEO of the host body, Mr Krause is one of the key players organising the second installment of the conference, which last year attracted close to 600 investors, business owners and executives to Chinchilla. He said two months out hun-
dreds of potential delegates had already expressed interest, sponsors had thrown their support behind the event and most of the major players were committed. Mr Krause said the Surat Basin's resilience in the face of the global economic downturn had intensified an already healthy interest in the region. “We've got a huge amount of interest coming from outside the region from people who are curious to see why we're still flourishing out here,” Mr Krause said.
“It's a one off phenomena — a once in a lifetime phenomena.” — Surat Basin Corporation CEO Richard Krause — www.suratbasin.com.au —
Surat Basin Corporation CEO Richard Krause has been amazed by the level of activity across the Surat Basin.