QUEENSLAND is on the cusp of an unprecedented boom with more than 90 per cent of the nation's coal seam gas reserves discovered in the state.
Yet local industry is faced with such a scarcity of gas supply that the issue could literally become a barbecue stopper in a few years.
Gas costs are predicted to skyrocket by up to 50 per cent, just as households switch over to escape escalating electricity prices.
Such an increase would have a significant impact to not only the price of gas to households but an array of products made using gas.
The Newman Government has been asked to intervene to ensure some of the state's reserves are diverted to the local market rather than exported.
However, Deputy Premier Jeff Seeney has indicated the Government would be reluctant to intervene despite its pre-election pledge to tackle cost-of-living issues.
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Courier Mail
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