Nuclear fears could increase demand for Australian coal

QCLNG site on Curtis Island.
QCLNG site on Curtis Island. David Sparkes

JAPAN'S concerns over nuclear energy following the Fukushima disaster could open up major new markets for Australia's coal reserves.

HSBC chief economist Paul Bloxham said Japan's shift could prove a new avenue for export industries.

"The Japanese story is where there is a composition shift," Mr Bloxham said.

"That is favourable to Australia's LNG and thermal coal producers."

The Japanese government flagged in September it would try to stop using nuclear power within two decades.

Since then, it has been unclear whether the government would follow through with its plan, even as public angst over nuclear continues.

Thermal coal and LNG - both used to create electricity - are areas poised for massive expansion in Queensland.

Gigantic coal mines planned for central west Queensland's Galilee Basin will deliver millions of tonnes of thermal coal each year.

On Curtis Island off Gladstone, up to $50 billion is being spent on a trio of gas refineries that will begin exporting LNG to the world gas markets in 2014.

Topics:  business coal curtis island fukushima japan lng mining industry

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Barbecues to help storm-affected farmers

RIPPED APART: Properties in the Kumbia area received significant damage in the Boxing Day storm.

First barbecue will be held on Sunday in Kumbia.

BACON BOOM: Council approves two piggery expansions

FILE PHOTO: South Burnett Regional Council has approved the expansion of two piggeries

South Burnett Regional council approved developments this week

Five things to do in the South Burnett this weekend

Rural Ambassadors Olivia Frahm and Kate Roberts and Miss Showgirl Amanda Praetz at the Proston Show March 11.

Plenty on across the region this weekend

Local Partners