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

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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

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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