{"id":51148,"date":"2013-11-18T16:02:43","date_gmt":"2013-11-18T06:02:43","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=51148"},"modified":"2020-09-07T13:41:13","modified_gmt":"2020-09-07T03:41:13","slug":"lng-provides-glimmer-of-hope","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2013\/11\/18\/lng-provides-glimmer-of-hope\/","title":{"rendered":"LNG Provides Glimmer Of Hope"},"content":{"rendered":"

November 18, 2013<\/strong><\/p>\n

The processing of liquid natural gas in Queensland for export could become a trigger for Stanwell to fire up one or both of its mothballed power generating units at Tarong Power Station.<\/p>\n

Rumours have been circulating that the government-owned corporation was starting preliminary planning towards a restart of the 350MW units which were put into cold storage last year.<\/p>\n

A Stanwell spokesman said it had been stated at that time that any future return to service of the units depended on the electricity market improving.<\/p>\n

“There has been a weak improvement in the wholesale electricity market since last year,” the spokesman said.<\/p>\n

“However, there are encouraging signs that the processing of LNG for export from Gladstone beginning next year may lead to increased demand for power in Queensland.<\/p>\n

“Stanwell is putting together a plan to ensure that, if and when the decision is made to restart any of the Tarong units, we know the cost, scope and schedule of the work required.<\/p>\n

“It must be stressed, however, that if the electricity market does not improve, the units will remain in cold storage.<\/p>\n

“Stanwell has no plans to expand its workforce at the Tarong Power Stations.”<\/p>\n

A second lot of rumours suggested a possible expansion of the current Meandu coal mine into an area adjacent to the current pits, requiring the relocation of a transmission towers and lines.\u00a0<\/strong><\/p>\n

“The Tarong Power Stations and Meandu Mine will be providing power for Queensland, and jobs for the South Burnett, for many years to come if a plan to extract more coal from within the existing mining lease pays off,” the Stanwell spokesman said.<\/p>\n

“An exploration drilling program done over the past three years found additional coal resources in an area immediately to the south-east of existing mine pits.<\/p>\n

“To access the new resources Stanwell, which owns the power stations and mine, will need to apply for various regulatory approvals.<\/p>\n

“Stanwell believes it will be able to improve its financial position by mining this new area to fuel the power stations.<\/p>\n

“This development means the mine and power stations will be able to continue providing South Burnett jobs over the next 24 years.<\/p>\n

“Meandu Mine\u2019s near neighbours will be kept informed throughout the approvals process.”<\/p>\n

And what effect would the Federal Government’s scrapping of the carbon tax have on Stanwell?<\/strong><\/p>\n

“Last financial year, Stanwell\u2019s carbon tax bill was $355 million, making the tax Stanwell\u2019s biggest expense,” the spokesman said.<\/p>\n

“Abolishing the carbon tax would help return Stanwell\u2019s power generation business to profitability. Currently it is operating at a loss.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The processing of liquid natural gas in Queensland for export could become a trigger for Stanwell to fire up one or both of its mothballed power generating units at Tarong Power Station.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,3],"tags":[34,105],"yoast_head":"\nLNG Provides Glimmer Of Hope - southburnett.com.au<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2013\/11\/18\/lng-provides-glimmer-of-hope\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LNG Provides Glimmer Of Hope - southburnett.com.au\" \/>\n<meta property=\"og:description\" content=\"The processing of liquid natural gas in Queensland for export could become a trigger for Stanwell to fire up one or both of its mothballed power generating units at Tarong Power Station.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/southburnett.com.au\/news2\/2013\/11\/18\/lng-provides-glimmer-of-hope\/\" \/>\n<meta property=\"og:site_name\" content=\"southburnett.com.au\" \/>\n<meta property=\"article:published_time\" content=\"2013-11-18T06:02:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-07T03:41:13+00:00\" \/>\n<meta name=\"author\" content=\"Anne Miller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anne Miller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/2013\/11\/18\/lng-provides-glimmer-of-hope\/\",\"url\":\"https:\/\/southburnett.com.au\/news2\/2013\/11\/18\/lng-provides-glimmer-of-hope\/\",\"name\":\"LNG Provides Glimmer Of Hope - 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