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Mining & Resources

Focus on gas infrastructure needed for Australia’s economic prosperity

4 Apr 2014, by Informa Insights

As the wave of prosperity from Australia’s mining boom peters out, the rise of other industries – such as gas – will rise to continue the country’s economic growth, says Deloitte.

The consulting firm’s Deloitte Growth 25 (DG25) report picked out the new “growth wave” sectors in Australia most likely to carry on the country’s global expansion in the years ahead. The sectors identified in the report span a diverse spectrum, ranging from agribusiness and tourism to wealth management, residential aged care and even parcel delivery.

Of these sectors, Deloitte singled out the ‘Fantastic Five’ that are likely to drive much of Australia’s future growth, of which gas is one. Australia can benefit from its wealth of natural resources to meet the ever increasing levels of demand from key markets such as Asia, Deloitte says.

With that in mind, it is essential that the gas sector receives all the support it can get to play its role in ensuring Australia remains competitive on the world stage. As such, Deloitte has suggested that developing gas transport and infrastructure in Australia must be a key priority over the next 20 years.

Oil and Gas EconomicsHowever, it appears there is still a lot of work to carry out before the gas sector can reach its goals. According to a March 24 statement from Deloitte, this country “has heaps to do to bring its gas potential to fruition” and take advantage of the numerous opportunities open to it, such as offshore or floating LNG.

Any professional wishing to play a part in this next exciting wave of growth in Australia would benefit significantly from the training and development options on offer. Oil and gas courses and conferences, for example, can provide a comprehensive guidance to the intricate workings of the industry.

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