Ichthys bonus for Australian economy

Senator the Hon Matthias Cormann at the ACIL Allen Economic Impact Assessment in Perth.

Senator the Hon Matthias Cormann at the ACIL Allen Economic Impact Assessment in Perth.

ACIL Allen Consulting has released an economics forecast report which highlights the Ichthys LNG Project will contribute around $190 billion to the Australian economy and generate on average more than 1,800 jobs each year.

The independent economic assessment highlights the contribution the INPEX-operated Ichthys LNG Project will make to the Australian, Western Australian and Northern Territory economies during the period 2012 to 2050.

Some of the key findings from the ACIL Allen report include:

  • $195 billion in exports for Australia
  • $190 billion in additional GDP for Australia
  • $91 billion increase in Australian real income
  • $73 billion in taxation revenue for Governments in Australia (on average $1.9 billion per annum)
  • 1,800 full-time jobs per annum on average.

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