Northern Territory benefitting from Ichthys LNG

Australia’s Northern Territory is experiencing the “strongest growth of any Australian economy,” largely due to construction activity related to the Ichthys LNG project.

APPEA has welcomed NT’s new Mines and Energy Minister, Dave Tollner, and is looking forward to working with the minister to attract new investment and jobs.

Natural gas revenue

APPEA Director, Northern Territory, Steve Gerhardy commented: “As a former Treasurer, Dave Tollner knows how important the oil and gas industry is to the Territory’s future. His last budget was based on the wealth generated by natural gas in particular.

“The NT is experiencing the strongest growth of any Australian economy due largely to construction activity related to INPEX’s $34 billion Ichthys LNG project in Darwin. The flow-on benefits to other parts of the economy have helped create significantly improved budget outcomes.

“Onshore gas projects now have the potential to generate a new wave of jobs and opportunities across the NT and become an important new source of revenue that is independent of Canberra.

“APPEA and its members look forward to working with Mr Tollner to help grow an industry that has been operating safely and responsibly in the NT for more than 30 years.”

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11022015/nt-economic-growth-down-to-ichthys-lng-228/