Why is Queensland on track to deliver a better set of numbers?

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14 August 17, 1:55pm Santos-ENGIE South Australian gas supply deal is latest demonstration of gas industry commitment to domestic market https://t.co/ZPEfyOYPcQ
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by APPEALtd
11 August 17, 2:56pm LNG export controls would jeopardise the future investment that is needed to maintain gas supply. #auspol https://t.co/YoXidSQXkS
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by APPEALtd
11 August 17, 2:29pm QLD LNG industry has delivered large-scale development of #CSG. Making big contribution to economy & energy security https://t.co/YoXidSQXkS
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by APPEALtd
4 August 17, 3:42pm LNG exports to surge over next 2 years. Expected to contribute almost ½ percentage point to annual GDP growth: RBA https://t.co/f7hCoofnbu
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by APPEALtd

Imagine Queensland’s economy without 40,000 jobs and a $70 billion investment in natural gas projects.

It’s a scenario too depressing to think about.

Thankfully this week’s Queensland budget, handed down by Treasurer Tim Nicholls, shows the considerable value of growing a vibrant natural gas industry that creates jobs and encourages investment.

The following comment from the Treasurer is worth framing:

In 2015-16, the ramp up in LNG production is expected to underpin a surge in exports which, combined with an improved domestic economy, is forecast to boost economic growth to an 11-year high of around six per cent. This will be the highest in the nation.

(Budget speech June 3, 2014)

However, a sound economic future is by no means certain as rising productivity costs and increased competition from LNG suppliers overseas threatens future investment in our industry.

Congratulate the Treasurer on his recognition of the importance of natural gas to Qld.

Send a message

Regards,

Paul Fennelly

APPEA Chief Operating Officer, Eastern Australia

 


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