Guess what’s driving economic growth?

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22 May 22, 2:23pm The oil and gas industry congratulates @AlboMP and Labor on their election success https://t.co/ew12RE23Io
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by APPEALtd
20 May 22, 3:51pm Find out more about all the #awards winners from the 2022 APPEA Conference and Exhibition that took place in… https://t.co/b7MHDQIOdf
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by APPEALtd
19 May 22, 4:12pm APPEA Chair Ian Davies talks of embracing change as he delivers his closing address of the 2022 APPEA Conference.… https://t.co/KiFqPSZAUe
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by APPEALtd
19 May 22, 3:27pm Ben Dahl, BDM at corrosion management specialist @COSASCO takes a stand at booth 124 of the 2022 @APPEACONFERENCE a… https://t.co/SROSwYNVSZ
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by APPEALtd

If you’ve ever wondered what really makes a difference to economic growth in your state, a new Deloitte Access Economics report on how natural gas projects benefit state and territory economies might be a powerful reminder of why you support the industry.

In Queensland for example, $65 billion worth of natural gas mega-projects are behind an anticipated major economic boost as they will soon deliver cleaner energy to Asian markets and generate significant royalties for governments. That’s funding that will help pay for much-needed hospitals, schools and roads.

Queensland’s gross state product, the regional version of gross domestic product, is expected to grow around 3% this year then climb to 5% in 2015-16.

Similarly, the Northern Territory where the $34 billion Ichthys LNG project is under construction is tipped to post 5.5% growth this year then fall back to 4.5% the following year.

In Queensland and the NT, bi-partisan support and strong political leadership have set a sound platform for growth. By comparison, states with bans on natural gas exploration are at the bottom of the economic growth league table.

Both NSW and Victoria have a forecast rise of 2.8 % this year dropping back to 2% in 2015-16.

Jobs and our economic prosperity can’t be taken for granted.

Please encourage your family and friends to get behind gas for growth at www.ournaturaladvantage.com.au.

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