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

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7 December 21, 11:40am A new report from @FrontierEcon finds more natural gas is needed in electricity generation to support growing renew… https://t.co/wkv2lQjg68
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by APPEALtd
6 December 21, 4:28pm Today's government announcement of five new areas marked for #GHG storage opportunities represents another signific… https://t.co/OPt8jG1wVm
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by APPEALtd
6 December 21, 11:23am Read the full independent report from @ey_australia on the future of the Western Australian #oilandgas industry her… https://t.co/PZubb66zRO
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by APPEALtd
3 December 21, 3:47pm #Labor’s Powering Australia Plan provides some clarity around how the party plans to meet its emissions reduction t… https://t.co/QcGUT7VlH2
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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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