"If Queensland was a country it would rank 4th as a global exporter of LNG"

Last week, Business Aspect Partner, Mark Watt, attended the Brisbane Mining Club lunch as a guest of Jacobs (recently merged with SKM).  David Knox, CEO and MD of Santos delivered the keynote address and spoke about his view of the future for LNG.  According to Knox, “if Queensland was a country it would rank 4th as a global exporter of LNG”.

The general theme of the address pointed to the prosperous future for LNG in Australia and in particular the positive contribution LNG will continue to make to Queensland (and Australia’s) economy.

According to APPEA, Australia has more than $200 billion worth of LNG projects under construction. Asia is set to become the largest global consumer of energy by 2030 and over half of the region’s gas needs will be supplied by LNG.

Discussion from the floor centred on pricing strategies and the impact of the high cost of labour in Australia; the delegates were also keen to discuss the industry’s responsibility when it comes to environmentally sound and sustainable mining practices.

Read more coverage from David Knox’s BMC luncheon address on Brisbane Times.

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