Tag Archives: lng

Queensland economic outlook for 2015

Posted on January 2, 2015 by Gene Tunny

It became clear toward the end of 2014 that the upcoming Queensland election would be fought in a relatively weak economy. 2014 unfortunately saw an increase in Queensland’s unemployment rate from around 6 per cent to around 7 per cent … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , , , , , , , | 1 Comment

Queensland mid-year Budget update – Nine News interview

Posted on December 19, 2014 by Gene Tunny

Katherine Feeney of Nine News Brisbane interviewed me yesterday regarding Queensland’s mid-year Budget update, which significantly downgraded Queensland’s fiscal outlook, largely due to lower coal and LNG prices in the forecast period. Katherine and the Nine team did a good … Continue reading →

Posted in Budget | Tagged , , , , , | 4 Comments

Qld waiting for LNG exports to boost economic growth, as internal demand falls away

Posted on December 4, 2014 by Gene Tunny

The first exports of LNG from Curtis Island off Gladstone are expected to occur later this month, and they can’t come soon enough for the Queensland economy, with our current economic weakness confirmed by State Final Demand estimates in yesterday’s … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , , , | 2 Comments

If you want to understand the East Coast gas market, come to this presentation

Posted on September 14, 2014 by Gene Tunny

With the first LNG exports from Curtis Island off Gladstone expected later this year, it is timely to consider what the linkage of our domestic gas market to the international market will mean for gas prices in Australia. A Grattan … Continue reading →

Posted in Energy, Gladstone, Mining | Tagged , , , , , , , , | 2 Comments

FIFO & DIDO workers in Qld gas fields nearly doubled in 2013

Posted on February 28, 2014 by Gene Tunny

The new data from Queensland Treasury on non-resident – i.e. fly-in, fly-out (FIFO) or drive-in, drive-out (DIDO) – workers in the Surat Basin illustrate the boom we’re seeing in the gas-field communities out west of Toowoomba on the Darling Downs, … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , , , , , , , | 3 Comments

More CSG-LNG jobs than previously forecast, but minerals job vacancies have plummeted

Posted on November 5, 2013 by Gene Tunny

Yesterday I attended the Energy Skills Queensland (ESQ) Annual Conference at the Royal International Convention Centre at the RNA Showgrounds in Brisbane. At the Conference, ESQ released its Queensland CSG to LNG Industry Workforce Plan, which received coverage from ABC … Continue reading →

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Qld Treasurer rightly rejects pessimism about mining industry

Posted on October 24, 2013 by Gene Tunny

I’m pleased to see Queensland Treasurer Tim Nicholls has rejected the doom and gloom around the state of the mining industry in Queensland, as reported in the Brisbane Times this morning (Qld mining industry still strong), pointing to strong growth … Continue reading →

Posted in Mining | Tagged , , , , , , , , | 3 Comments

Qld’s economic future bright if we look beyond short-term

Posted on October 8, 2013 by Gene Tunny

I agree with Deloitte’s analysis that Queensland’s medium to long-term economic outlook is strong, as reported at the Brisbane Times website this morning (Queensland’s economic future rests on five ‘super wave’ industries): The combined economic power of five “super wave” … Continue reading →

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Resources sector investment hasn’t peaked yet in Qld – we now lead Australia in construction

Posted on May 30, 2013 by Gene Tunny

Unlike the rest of Australia, construction activity increased in Queensland in the March quarter. This was due to heavy, so-called engineering construction, no doubt resources sector-related, as residential and non-residential building activity (i.e. houses, flats, office buildings, shopping centres, etc) continues … Continue reading →

Posted in Housing, Mining | Tagged , , , , , , , , | 2 Comments

Resources sector investment has peaked, but likely to remain strong for a few years yet

Posted on May 22, 2013 by Gene Tunny

The Australian Bureau of Resources and Energy Economics released its latest review of Resources and Energy Projects today (see Committed investment in resources and energy major projects at peak). It shows that although resources sector capital expenditure has peaked, it should … Continue reading →

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