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Santos GLNG boosts Australian business

LNG Industry,


Santos GLNG has released a statement saying that new figures show the project has provided over AU$ 11.6 billion worth of work to Australian businesses since January 2011. AU$ 6.2 billion was spent in Queensland alone.

Regional communities have particularly benefitted, with over AU$ 492 million spent in the Maranoa, Western Downs and Toowoomba regions, and over AU$ 267 million in Gladstone and Rockhampton.

Economic benefits

Santos’ VP Queensland, Trevor Brown, said these new figures showed how significant the economic benefits of Santos GLNG were to local, state and national economies.

Commenting on the news, Brown said: “As a proudly Australian owned and operated company, we are very pleased to share the benefits of our world-class natural gas operations with the communities in which we operate.

Local businesses

“Santos GLNG is delivering for the people of Queensland by using local businesses for work including drilling, engineering, equipment fabrication, camps, transport, trades, and environmental services.

“We’re building a new industry for Queensland that will drive the state economy over the long term, which means our contribution won’t stop here.

Taxes and royalties

“As well as creating opportunities for local businesses, we will contribute billions of dollars in taxes and royalties over many years – money that can go to Queensland’s schools, hospitals and roads.

“We’ve also invested over AU$ 50 million on community infrastructure, organisations and events, including roads, airports, hospitals, schools, the environment and the arts.”

The figures represent money spent between January 2011 and December 2013, and have been published in a progress report of Santos GLNG’s Social Impact Management Plan.


Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/06082014/santos-glng-provides-billions-to-australian-businesses-1154/


 

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