Investment in capital-intensive gas export projects has weighted the amount of money being spent on construction heavily to the oil and gas industry. Picture: AFP Source: AFP
A SERIES of massive gas export project approvals in the past six months has sent the value of committed Australian resource investment surging 34 per cent to a record $231.8 billion.
And despite the signals of a worsening crisis in Europe, this is expected to grow again over the next six months as some of a predicted $80bn worth of project approvals targeted for 2011-12 get ticked off.
Massive investment in capital-intensive gas export projects on both sides of the country has weighted the amount of money being spent on construction heavily to the oil and gas industry.
The Australian
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