A New Era For The NT

Friday, 13 January 2012

Senator Trish Crossin has welcomed today's final investment decision on the $34 billion Ichthys liquefied natural gas (LNG) project that will greatly benefit the Territory and stimulate Australia's economy.

Economic modelling by the project partners suggests that more than 3000 people will be employed during the onshore construction phase and 700 people employed during operations, with additional jobs created for offshore construction.

"The Joint Venture Partners INPEX (from Japan) and Total (from France) should be congratulated on their commitment to employment for Indigenous Australians," Senator Crossin said.

"Local businesses, such as the Larrakia Trade Training Centre, will be crucial in recognising and tapping into the pool of potential talent and skills in our Aboriginal communities.

"With gas and the LNG industry set to be major drivers of growth, jobs and opportunity, this commitment by the Joint Venture Partners and businesses like the Larrakia Trade Training Centre have the potential to significantly improve the career prospects of our young Indigenous Territorians."

The $34 billion project is set to increase the Northern Territory's gross state product by an estimated 20 per cent.

"Today's announcement clearly shows confidence in the Territory's ability to carry Australia's second largest resources project.

"This is the single largest ever investment in Australia by both Japan and France and will ensure the Territory has a strong economic future, with the commitment to an Industry Participation Plan that will provide major opportunities for Territory businesses to share in the economic growth.

"I congratulate the Chief Minister Paul Henderson and the Federal Resources Minister Martin Ferguson for all their hard work to ensure this project went ahead," Senator Crossin said.