LNG (LIQUIFIED NATURAL GAS)

LNG plant to help NT growth: forecast

1000 new jobs at Philips' Wickham Point LNG plant was one of the drivers behind a strong economic...

An independent economic forecast has predicted the Northern Territory will have the strongest economic growth in Australia over the next five years, said Acting Business Minister Syd Stirling.

The recently released "Access Economic Five Year Business Outlook" forecast sustained solid growth for the NT over the short to medium term.

"This independent report has forecast growth for the Territory of more than 5% over the next five years, compared to the national average of around 3%," Mr Stirling said.

"The Timor Sea Treaty ratification is expected in the near future and we'll see 1000 new jobs at the Wickham Point LNG plant."

"The Territory business community has had some tough times, but we need to put those behind us. Let's look to the future - the signs are positive for our economy."

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