Business

Boom time for businesses as LNG projects spend

In LNG Tank B the focus is on installing the nine per cent nickel inner tank shell plates. December 2013.
In LNG Tank B the focus is on installing the nine per cent nickel inner tank shell plates. December 2013. Santos

GLADSTONE businesses have heavily profited from LNG construction, with the big three LNG proponents spending more than $4.6 billion with businesses since they began.

Australian LNG company Santos GLNG has provided more than $261.7 million worth of work to businesses since January 2011.

The Queensland Curtis LNG proponent QGC has provided $920million and Australia Pacific LNG, which began in July 2011, has spent $3.42 billion in Gladstone.

That doesn't include the millions of dollars that have gone to social infrastructure and community group projects.

Santos' Queensland vice president Trevor Brown said the figures showed just how significant the economic benefits of Santos GLNG were to local, state and national economies.

"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," Mr Brown said.

"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.

He said as well as creating opportunities for local businesses, Santos will contribute billions of dollars in taxes and royalties over many years that can go to Queensland's schools, hospitals and roads.

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

The Santos figures represent money spent during the period from January 2011 to December 2013, and were published in a progress report of Santos GLNG's Social Impact Management Plan.

QGC figures began in 2010 as it was first to start and APLNG began in July 2011.

Topics:  aplng, curtis island, gladstone business, lng, qgc, santos




UPDATE: 25-year-old man dies in Benaraby collision, video:

Fatal motorbike accident at Benaraby.Photo Mike Richards / The Observer

Its been confirmed the man who died at the scene of the crash was 25

Parents fume over exit: So, why weren’t we told?

HEARTBROKEN: Stacey Wallace with Ashton, 8 and Elizabeth Martin with Nathanial, 8 and Tyler Jackson, 7 worry for their children’s future after St Stephens announced it will close.

“We need to rally together to keep it open"

LNG crash a slow-moving train wreck: expert

NEW CYCLE: When LNG tanker Methane Mickie Harper left Gladstone on January 8, 2015, the spot price was about $9LMMBtu.

LNG companies will have to wait until next decade for return

Latest deals and offers

Indigenous artist shows tourists secrets of Aboriginal painting

Ever thought "I could do that" about Aboriginal art?

Dynamic pics from Splendour Day 1

The Strokes perform at Splendour in the Grass 2016. Photo Marc Stapelberg / The Northern Star

Check out the latest pictures from Splendour in the Grass.

Bindi Irwin: 18 magic photos to mark her 18th birthday

Bindi Irwin with a python.

Photos: Bindi Irwin from babyhood to 18

Aussie director makes his mark on new Roots mini-series

Malachi Kirby as Kunta Kinte in a scene from the TV series Roots.

BRUCE Beresford behind final episode of remake of iconic series.

Wham bam, thank you TAM

Regional TAM is increasing its audience measurement services by 50%.

Regional television viewers finally getting the credit we deserve

The Avalanches pull plug on live broadcast of Splendour set

The Avalanches are an Australian electronic music group.

RADIO listeners won't be able to tune in to the band's show tonight.

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles