The Australian resources sector is moving into a new
era, with the future of the industry marked by major emerging
opportunities in the petroleum industry. A growing focus on the
global resources market reveals key project and investment
opportunities in the oil and gas sector with particular emphasis on
unconventional gas and LNG. Companies seeking to capitalise on this
new environment must learn to operate in an increasingly regulated
The energy and resources sector has moved to centre stage with
regard to Australia's economy and competitiveness on an
international stage. Australia's upstream oil and gas industry
has entered a period of unprecedented growth and transformation,
with almost $200 billion currently being invested in oil and gas
projects including seven major LNG projects.
Based solely on projects currently committed or under
construction, the industry will bolster Australia's economy,
contributing approximately A$28 billion or 2.5 per cent per year to
the GDP and billions of dollars in taxation revenue.
With a stable political, legal and economic environment, a
highly skilled workforce and a welcoming attitude to foreign
investment, Australia is a favoured destination for foreign
Major developments in the petroleum industry in Australia have
taken the spotlight in recent years, provoking great interest from
foreign investors. Over the next few years, Australia is set to
become one of the world's largest exporters of LNG.
This publication provides background information in relation to
the Australian oil and gas industry and explores key legal
considerations for investing in or developing an oil and gas
project in Australia.
here to read our full publication and find out how we can help
you develop your business in Australia.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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