Jul 7, 2026 – 5.33pmAn aspiring Queensland gas-to-power developer backed by General Motors, Macquarie Group and the Northern Australia Infrastructure Facility has collapsed into administration, threatening the $200 million construction of a new gas power station in the state.McGrath Nicol was appointed as voluntary administrator of QPM Energy, while receivers were appointed to the coal seam gas production arm of the business.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Collapse of QPM threatens gas supply, power project in Qld
QPM Energy’s fall into administration comes as it was developing a new gas power plant in Queensland to tap rising power demand from data centres.
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