How QLD’s going for gold with gas
The gas industry is going to a big deal for the Queensland economy.
A new report forecasts the industry will inject up to $129.3 billion to the Queensland economy over the next 20 years. That’s 10 times the revenue expected to be brought to the Sunshine State by the Brisbane Olympics in 2032.
Let that sink in. 10 Olympics. The total of combining the games of Tokyo, Rio de Janeiro, London, Beijing, Athens, Sydney, Atlanta, Barcelona, Seoul, and Los Angeles, taking us back to 1984.
Numbers like these can be difficult to visualise. Here’s a few more approximations of the figures that might help.
- Equivalent to $24,937 for every Queenslander
- 8 billion Subway footlong meatball subs
- Enough to produce hit movie sequel 2Fast2Furious 1,254 times
The demand for gas in the state is on a rapid rise and with the right settings, the gas industry will be an economic and employment tent pole for the Queensland economy.
In the last 10 years, the oil and gas industry has added $106 billion to the Queensland economy, or 3% of the state’s economic output. It’s also employed 36,000 full time workers and paid $13 billion in tax.
Check out the full report here.
Perk up at the sound of a good sizzle? It might be ASMRWhat is ASMR? We asked Wikipedia. “Autonomous sensory meridian response (ASMR) is a tingling sensation that typically begins on the scalp and moves down the back of the neck and upper spine. A pleasant …Read more
How Australia’s Hydrogen Strategy Plans to Use Existing Industries to SucceedHydrogen has appeared as part of the Australian energy conversation intermittently over the past couple of years. However, recently attention on hydrogen has been increasing due to the falling costs to produce and use …Read more
The Chef’s Secret – Every Episode!We’ve been cooking up some delicious recipes that will be sure to ignite flavour and impress your family and friends with The Chef’s Secret, cooking with natural gas. Episode 1 – The Perfect Steak with Adrian Richardson Episode 3 – Malaysian BBQ …Read more
Stir-Fried Scallops in XO Sauce – The Chef’s Secret Season ThreeScallops are notorious for being difficult to cook perfectly. Timing is critical. Even a few seconds can make the difference between a succulent, flavourful scallop and a rubbery, overcooked one. Prepared correctly, scallops are …Read more
with Natural Gas Subscribe