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




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