"By 2020, Australia will become the third largest supplier of LNG globally and Queensland-produced LNG will be exported to China, Japan, Korea, Singapore and Chile."
Queensland Government, April 27, 2011
The Gladstone resource sector is projected to continue growth well into the future. Major contracts have been secured with many of Australia's resource giants including Rio Tinto and Orica.
The Gladstone region has been strategically setup by government authorities for continued economic growth, with the Gladstone State Development Area (GSDA) offering 28,400 hectares dedicated to development ready sites and relevant infrastructure for new and established contracts. Most recently, the $16 billion GLNG liquefied natural gas plant has been launched on Curtis Island. This project alone is expected to contribute over $6 billion to State revenue over the next 25 years, generate $9 billion a year in exports and create 6,000 jobs! Gladstone presents an exciting opportunity as it isn't a 'boom town' - it is strategically setup for long term economic growth in the resource sector.
Major resource operations that are sustaining continued growth in the Gladstone region include:
- GLNG - US $16 billion investment until 2015
- APLNG - Australia's second largest infrastructure project
- Queensland Alumina Refinery - The world's largest alumina refinery
- Boyne Smelter Limited - Australia's biggest aluminium smelter
- NRG power station - Queensland's largest power station
- Cement Australia - Australia's largest cement operation
- Rio Tinto - Aluminium Yarwun refinery
- Orica - The third largest producer of sodium cyanide in the world
- Queensland Energy Resources (QER) - Stuart Oil Shale Project formally owned by the southern pacific petroleum
- Port of Gladstone - The state's largest multi-cargo port
Source: The Gladstone Property Report, 2010