Economic Impact of QLD Natural Gas & LNG 2014-24 | Australian Energy Producers

Queensland’s natural gas and LNG industry has transformed the state’s energy and economic landscape in its first decade of LNG exports, 2014–2024.

As well as delivering reliable and affordable gas for Queensland homes, businesses and industries, Queensland gas has injected $127 billion to the state economy and supported around 60,000 jobs.

The Economic Impact of Queensland Natural Gas and LNG 2014–2024 report, by Lawrence Consulting, provides a detailed, data-driven analysis of the natural gas sector’s contribution to Queensland’s economy, jobs, government revenue and regional development.

The report found that over the period 2014-24, the industry directly spent $58.6 billion across Queensland, including:

• $42.5 billion in spending with 3,178 businesses and 307 community groups and charities
• $8.2 billion in direct wages to an average of 4,828 Queensland workers
• $7.2 billion in payments to the Queensland Government (including royalties, stamp duty, payroll tax and land tax)
• $695 million in payments to local governments

The industry has also contributed:

• $127 billion to Queensland’s Gross State Product (GSP)
• $51.5 billion in total wages to an average of 59,729 supported jobs
• 3.4% of Queensland’s economy
• 2.4% of all state employment

These numbers reaffirm the natural gas industry is keeping Queensland running — powering industry, strengthening communities, supporting jobs, and providing the revenue that funds essential services across the state.

Click here to download the report.