Gas pumps at least $70 billion per year into the Australian economy, new analysis shows, as the industry comes under pressure to supply cheaper gas to domestic customers.
Research by ACIL Allen Consulting for industry body Gas Energy Australia found gas supports almost a quarter of a million jobs, underpins 3.4 per cent of GDP, and is forecast to grow next year.
The contribution to the local economy is greatest in the Northern Territory (15.53 per cent), followed by Western Australia (8.76 per cent) and Queensland (5.94 per cent).
