Federal Government should make changes to its proposed new mining tax to protect the mushrooming Liquefied Natural Gas industry, opined Queensland Premier Anna Bligh. The construction of a $15 billion plant in Central Queensland has been postponed by the gas company because of the concerns about the tax.

Queensland Gas Corporation has also been reviewing the inferences of the Federal Government's planned resources tax on its proposed Gladstone LNG plant in the state's central region.

Ms. Bligh asserted that she will toil hard to get a just deal for the new industries. She said, "We need to see a package that treats it in a different way than those companies that have been in operation for forty and fifty years. All of the capital investment is up front".

Until these international companies do not have complete certainty about the costs of doing business, they should not make investment decisions. The company's "stable fiscal regime" has been threatened by the 40% tax on super profits. Before a final decision is made about an LNG plant at Gladstone, Santos also wants explanation from the Federal Government.

Both companies hope to make decisions by the end of the year, but only after getting environmental approvals for their projects.