THE world is still turning towards Queensland’s energy resources of LNG and coal with export records broken in 2017, according to the Queensland Resources Council.
The council released figures which it said showed the Queensland economy was underpinned by resources. LNG exports from Queensland in 2017 totalled 20.2 million tonnes, eclipsing last year’s record by 2.7 mt.
“The LNG sector is forecast to continue its record export growth that is being driven by an energy hungry Asia. China was again the largest customer, receiving nearly 11.6 mt, followed by South Korea at 4 mt while Japan imported 2.5 mt,’’ the QRC report said.
It said coal exports would deliver a windfall of more than $3 billion to the Budget. Coal exports in 2017 reached 210.8 mt, down slightly for the year because of the impact of Cyclone Debbie.
“In the absence of the cyclone, Queensland coal exports were on track for another volume record,’’ the QRC said. “Green activists continue to claim the world is turning away from fossil fuels.