New report shows how CSG industry benefits Queensland

A new report released by the Australian Government recognises the economic importance of Queensland’s coal seam gas industry.

The report – Review of the socioeconomic impacts of coal seam gas in Queensland – says the “headline economic impacts of CSG development in Queensland to date are found to be net positive, and are attributable to increases in employment, income, output, consumption and government revenue”.

Almost $1.4 billion worth of LNG has been exported from Queensland this year.

This contributed to a 15.7 per cent increase in the nominal value of the state’s overseas merchandise exports in the August quarter, compared to the same period last year.

The report by the Office of the Chief Economist can be found at www.industry.gov.au