THE HON KEITH PITT MP

Minister for Resources and Water

Member for Hinkler

MEDIA RELEASE

Australia’s LNG sector ready for the future: Report 

A new Government report encouraging trade and investment in Australia’s liquefied natural gas sector confirms our reputation as a reliable and responsible supplier of energy and resources.

The Liquefied Natural Gas (LNG) Commodity Report, part of Australia’s Global Resources Strategy, highlights Australia’s comparative trade and investment advantages between now and 2050.  

Minister for Resources and Water Keith Pitt said the Australian Government is committed to delivering the strongest and most business-friendly investment environment for the Australian resources sector.

“Australia offers a strong, stable and transparent regulatory environment as well as research and development incentives to support innovation,” Minister Pitt said.

“Our proximity to Asia and high quality resources have seen us become the supplier of choice in global supply chains.

“We will seek to consolidate and strengthen this position in the decades to come.”

Minister Pitt said the report found that Australia, one of the world’s largest LNG suppliers, is a secure and competitive destination for developing LNG projects.

“Investors can have confidence in Australia’s stable regulatory settings when making long-term investments,” Minister Pitt said.

The report identifies India and Bangladesh as major emerging LNG markets for Australia.

The Government is backing the LNG trade and investment potential between Australia, India and Bangladesh through a new South Asian LNG Partnership. Australia will invest $11.3 million over 10 years in the Partnership, which will build relationships across the LNG supply chain between participating countries.

The report is available on the Department of Industry, Science, Energy and Resources website.

ENDS

Media contacts: Matt Dunstan 0411 535 072