Gas supply debate mustn’t lose sight of economic benefits: APPEA

The latest Reserve Bank Statement on Monetary Policy deserves more attention in the polarised political debate about the east coast gas market, says the Australian Petroleum Production and Exploration Association (APPEA).

The report highlights the key role that LNG exports are playing in Australia’s economic growth, finding, “LNG exports are expected to contribute almost .5 percentage point directly to annual GDP growth.”

APPEA Chief Executive Dr Malcolm Roberts said the statement confirms how significant LNG exports are to sustaining economic growth in Australia.

“The Queensland LNG industry has delivered huge, ongoing benefits to regional communities as well as the national economy,” said Dr Roberts.

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