SUBSCRIBE TO OUR FREE NEWSLETTER
PUBLISHED |

Gorgon gas project confirmed

Gorgon gas project confirmed article image
The Federal Government has confirmed the decision to proceed with the Gorgon gas project in Western Australia after attending a ceremony to mark the partners' investment decision. Yesterday's statement issued by Minister for Resources and Energy Martin Ferguson read: "The Australian Government welcomes the jobs, export earnings, and global greenhouse gas abatement which will flow from today’s Final Investment Decision of the Gorgon Joint Venture Partners yesterday afternoon." The project is expected to be worth $300 billion to Australia in export earnings and provide 10,000 direct and indirect jobs in the construction phase and 3,500 jobs during the life of the project. The minister also played up the environmental benefits of the project despite concerns by the Greens that the project may disturb endangered species on Barrow Island. "The Gorgon project will also be the world’s biggest CO2 geological storage project," he said. "The environmental benefits of the Gorgon project will however be more far-reaching. Every ton of CO2 generated producing LNG in Australia reduces four tons of CO2 in Japan, and nine tons of CO2 in China, when used in place of coal for electricity generation."

Tags

Leave A Comment

Spinning icon Saving your comment, please wait...
Spinning icon Saving your comment, please wait...