LNG to Drive ‘Super Growth’ in Australia

From Mining Australia

By Alex Heber

Australia’s growing liquefied natural gas sector will provide the biggest boost to Australia’s economy over the next 20 years, advisory firm Deloitte says.

Deloitte Access Economics’ report titled Catching the next Wave identifies five ‘super growth’ sectors for the next 20 years, including natural gas, agri-business, tourism, international education, and wealth management.

Rapid growth in emerging economies has seen pollution levels in major cities grow; Deloitte says this will underwrite demand for gas, a cleaner energy alternative.

“Our gas is a clean and green alternative to coal that points to major development potential for this State [WA] in coming decades,” Western Australian managing partner of Deloitte, Mike McNulty said.

But realising the gas sector’s potential hinges on Australia’s ability to improve productivity, invest in infrastructure and streamline the regulatory environment.

McNulty said a foolish takeaway would be to think Australia is the only country looking to ride the gas wave.

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