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New Queensland government supports Galilee Basin coal development, but is it enough?

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Report summary

We expect thermal coal exports to start from the Galilee Basin by late 2018. This is based on our assessment of Adani's Carmichael project which has progressed its approvals and is in the process of securing finance. The newly elected Queensland Labour government has also come out in support of the Galilee Basin announcing a dredging solution for port expansion at Abbot Point. We envisaged the dredging solution to be a major stumbling block when the Liberals were ousted in the January 2015.

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Table of contents

Tables and charts

This report includes 6 images and tables including:

Images

  • New Queensland government supports Galilee Basin coal development, but is it enough?: Image 1
  • Galilee Basin detailed map
  • Seaborne export thermal energy adjusted cost curve 2025
  • Seaborne operating margin curve 2025
  • Incentive prices for Australian thermal projects at 15% IRR (energy adjusted to 6322 kcal/kg gar)

Tables

  • New Queensland government supports Galilee Basin coal development, but is it enough?: Table 1

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