QGC Investment Passes AUD 11 Billion, Australia

Nearly 9000 people are working with QGC and its Queensland Curtis LNG Project as the company’s investment passes A$11 billion.

In the natural gas company’s latest six-monthly report to Queensland’s Coordinator-General on Australian industry participation, QGC said A$8.7 billion – or 76% of the total A$11.4 billion – had been invested with Australian firms since 1 January 2010.

Queensland firms had received 61%, or A$6.9 billion, of the total.

The report covers from 1 April 2012 to 30 September 2012.

QGC Managing Director Derek Fisher said more than 90,600 Australian businesses had registered their interest in doing business with QGC since 2010, with more than 28,900 expressions of interest in the latest six months.

“QGC is delivering significant economic and social benefits right across our project area in Queensland,” Mr Fisher said.

“We are investing more than A$1 billion in Gladstone and about A$530 million in the Western Downs region.

“In the six months to the end of September, QGC and our contractors hired more than 1500 people – or eight a day – and we have more to come.”

Mr Fisher said 230 indigenous people and 207 apprentices, graduates and trainees were working with QGC and its major contractors, while the number of training courses had increased to 13,900 from 4000 in the previous reporting period.

“Training is essential to ensure that our people work safely and efficiently as we continue construction and prepare for the operation of QCLNG from 2014,” he said.

Up to 30 September, QGC had invested A$148 million in research and development.

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LNG World News Staff, December 04, 2012; Image: QGC