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

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29 October 20, 9:09am The @IEA World Energy Outlook (2020) finds that increased use of natural gas in the Asia-Pacific is key to meeting… https://t.co/1goFJ068iS
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by APPEALtd
28 October 20, 8:42am While sensible reforms can improve efficiency of the domestic #natgas market, unnecessary interventions can affect… https://t.co/LeHsugqVuk
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by APPEALtd
27 October 20, 6:46am The natural gas industry is committed to ensuring there is secure, sustainable and competitive natural gas for home… https://t.co/tASLnjBFBM
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by APPEALtd
22 October 20, 3:24pm APPEA congratulates Premier @MarkMcGowanMP and @WAGovernment for releasing a new Jobs and Skills portal - an impor… https://t.co/F6uIThSRCI
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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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