LNG (LIQUIFIED NATURAL GAS)

WA wants Feds to back export industries

THE Western Australian Government is calling on the Federal Government to invest $2 billion to ex...

WA wants Feds to back export industries

The money would be set aside from the Federal Government’s expected $9.7 billion budget surplus to build ports and roads, as well as social infrastructure to attract workers to remote areas.

WA Treasurer Eric Ripper said over the past four years, the State had invested about $480 million on port infrastructure, while the Federal Government had only contributed $3 million.

“The State Government is investing a further $406 million in ports over the next four years, but there is no commitment from the Federal Government to provide any funds,” he said.

“The Commonwealth collects around $4 billion more revenue from WA each year than it spends on WA.”

Ripper told the Australian newspaper the proposed $15 billion Gorgon liquefied natural gas project would boost the Federal Government’s budget balance by up to $14 billion over the next 30 years.

However, he said that the new fiscal benefit for WA, which had to bear the infrastructure costs, would be just $300 million.

According to Ripper, the Federal Government was unwilling to share royalties from offshore petroleum and gas fields, with the exception of the North West Shelf gas project.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry