Qld acreage development, page-14

Queensland’s Top 50 Thinkers: Justice Margaret McMurdo – Legal Eagle
Daryl Passmore, Daniel Meers, The Courier-Mail
March 11, 2015 11:00pm
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● These are our best and brightest, the people who have turned their minds to making society better.


#9 RICHARD COTTEE – BUSINESS

RESOURCES entrepreneur Richard Cottee is cooking with gas.

Long before the term “coal seam gas” became a trigger phrase for debate and discord, Mr Cottee was pioneering the $60 billion liquefied natural gas industry.

When he joined Queensland Gas Company as managing director in 2002, it was a fledgling exploration company worth $20 million. Eight years later, it was sold to the giant international BG Group for a whopping $5.6 billion.

Now he is chief executive of Central Petroleum, a listed company with oil and gas deposits. With Queensland’s gas deposits predicted to be flat out supplying enough LNG to meet the export demand through Gladstone, domestic manufacturers along Australia’s east coast will be seeking sources.

Mr Cottee’s plan is to supply their needs via a massive pipeline linking Central Petroleum’s gas fields halfway across the continent near Alice Springs to the national gas grid.

Watch this space.