news conference introductory remarks catherine tanna - QGC

The LNG plant will be the most greenhouse gas efficient in Australia and the second-most efficient in theworld.LNG from our plant will generate about 35% less greenhouse gas emissions than other fossil fuels.Environmental approval for the project, under Queensland and Federal legislation, has taken account of themany community contributions and challenges detailed in our environmental and social impact assessment.Our project approvals include about 1500 conditions and the requirement for more than 800 productionlicences, safety certificates and other environmental permits ranging from pipelines to land access to gastenements.In summary, I make four key points.First, projects of this scale, complexity and detail are incredibly difficult.They involve marketing, exploration, engineering and operating skills that must be world class.This project, in particular, is especially challenging because of its pioneering status and its vast array ofcompeting stakeholder interests.It is a credit to many, many capable people within our company, and within local, state and federalgovernments that we have achieved today’s result.Second, these are long-term projects that will most likely outlast the working lives of us all and will transcendpolitical cycles.In this context, we have a special obligation to the communities in which we operate as we bring new jobs,new industry and new infrastructure that otherwise would not occur.With that change, we have a responsibility to maintain – and to improve – the jobs, industry andinfrastructure we create because we have become more than just visitors.We are now neighbours.Third, we are determined to co-exist with our neighbours – farmers, townspeople, miners, conservationists,traditional custodians, business, and governments.We have not been deaf or blind to the fears that some hold about our potential impact.We will bring change – and we will also bring responsibility to the land, the air, the water, and therelationships we have with our neighbours.We see no benefit in working against the best interests of our community and, indeed, it makes no sense todo so.Fourth, we are determined to do the right thing.Our decision to proceed follows nearly three years of rigorous regulatory and public review and discussionswith more than 4000 individuals, landholders, indigenous groups, conservationists, industry associations,regional councils and government agencies.Their contributions have played a key role in shaping our commitments, and government regulations, that willserve to ensure this project is good for the environment, good for people, and good for Australia.In closing, we acknowledge the support and assistance of the Queensland and CommonwealthGovernments, particularly the Premier and her Government, and the Acting Prime Minister and the FederalGovernment and, in particular, his colleague, the Minister for Resources, Energy and Tourism.I also pay particular tribute to QGC staff and contractors for their efforts over the past three years.They have much to be proud of today.31 October 2010 2