QGC: CSG-LNG Industry Will Boost Qld Economic Growth (Australia)

QGC Pty Ltd today welcomed the recognition of the very significant contribution that the CSG-LNG industry will make to Queensland economic growth and state revenues.

This follows news the State Government would establish a multi-million dollar education trust using half the royalties generated by the CSG-LNG industry.

While these benefits will flow in future QGC already has a partnership with Queensland Minerals and Energy Academy which provides an opportunity for students to learn first-hand about the wide-range of careers in the industry.

QGC Senior Vice President Jim Knudsen said the industry would make an enormous contribution to jobs and revitalising rural and regional communities across Queensland.

“It’s good to see prosperity generated by the CSG-LNG industry will educate generations of Queenslanders to come,” he said.

“The QCLNG Project alone is projected to add $32 billion in new activity to the Queensland economy.”

Additionally QGC is investing in rural and regional communities through its $150 million Social Impact Management Plan.

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LNG World News Staff, November 23, 2011; Image: QGC