Guess what’s driving economic growth?

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6 January 20, 2:22pm The #oilandgas industry welcomes #Australia becoming the world’s largest #LNG exporter. This important milestone ha… https://t.co/Fa49WHyusw
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by APPEALtd
18 December 19, 4:34pm Exploration in the #GreatAustralianBight will provide great economic benefits for South Australia and Australia mor… https://t.co/LWs3srvul9
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by APPEALtd
16 December 19, 12:53pm Australia’s #oilandgas industry continues to support nation's economic growth. The capacity expansion in the #LNG… https://t.co/fevA4H6FJV
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by APPEALtd
13 December 19, 11:21am Australia's #oilandgas sector's payments to governments continue to be significant with an increase from $4.6 billi… https://t.co/z32CoE4Avo
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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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