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

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21 September 18, 12:43pm The oil and #gas industry today welcomed the release of Resources 2030 Task Force report by @mattjcan, highlighting… https://t.co/gRdRW3jhP6
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by APPEALtd
20 September 18, 2:21pm Anti-development activists ignore the fact #natgas is essential for secure electricity and for making products ever… https://t.co/dtOyAZudSe
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by APPEALtd
19 September 18, 6:55pm NT Chief Minister @fanniebay says the Northern Territory will be a worldclass #gas hub by 2030 @Gas4NT #ntpol… https://t.co/szOQwMgsuS
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by APPEALtd
19 September 18, 6:46pm 'Go north' is the strong growth message from NT Chief Minister @fanniebay at the Facing North event at Parliament H… https://t.co/4tdjtCN2KQ
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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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