Santos today said that the economic benefits of its proposed gas investments in NSW are already being felt in regional communities with the company employing more than 80 people across NSW.
This is expected to rise to 1,800 direct jobs as its projects enter the construction phase.
The Australia Institute report released today completely misrepresents the employment creation data contained in the Allen Consulting Group study which is based on net job creation forecasts that take into account changes in the type and location of jobs created, the Company said in a statement.
The Allen Consulting Group study into the projects finds:
The Allen Economic Forecasting study released in December 2011 was based on the Monash Multi-Region Forecasting model, which is widely used by Commonwealth and State Treasuries and the Garnaut Review.
Santos’ experience provides further evidence of the jobs created by its activities, with 1,800 employees working on the Santos GLNG Project. In the past three months alone, 230 employees have been recruited and over 230 positions are currently on offer, Santos said.
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LNG World News Staff, February 14, 2012