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Australia: LNG Ramp-Up Drives Queensland’s Economic Growth

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By Dale Granger, Oil and Gas Investor Australia
June 12, 2014

QUEENSLAND, Australia--The Australian Petroleum Producing and Exploration Association (Appea) has lauded the natural gas industry for creating the country’s highest growth rate in Queensland—an accomplishment that the peak petroleum industry body says will deliver benefits for decades to come.

In the Sunshine State’s recent budget delivery, Queensland Treasurer Tim Nicholls said the ramp-up in LNG production from the three Gladstone plants under construction on Curtis Island “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 ...

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