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New Houston-based advocacy to bring on oil & gas investment



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Campaign Media Release Minister for Innovation, Industry, Science and Research Kim Carr

Minister for Resources and Energy Gary Gray

Candidate for Flynn Chris Trevor

NEW HOUSTON-BASED ADVOCACY TO BRING ON OIL & GAS INVESTMENT

Australian companies will have a new way of connecting with global supply chains and tapping into future capital investments in major oil and gas projects with the Rudd Labor Government establishing a Houston-based industry engagement service.

This on the ground link to key decision makers in what is the global capital for oil and gas will help give Australian companies a significant advantage in the competition for new international investment.

Innovation Minister, Senator Kim Carr, said the facilitator initiative will be supported by the Australian Industry Participation Authority, part of the Federal Labor Government’s $1 billion Plan for Australian Jobs.

“Industry has been telling us they want help to influence key decision makers involved in the design and procurement for major oil and gas projects in Australia,” Senator Kim Carr said.

“With more than $205 billion in Australian oil and gas projects already committed now is the time to make sure we are best positioned to take advantage of future growth.

“That’s what the Oil and Gas Innovation Partnership that the Prime Minister launched this month is all about. It will link some of Australia and the world’s biggest oil and gas companies with our best and brightest research institutions to position Australia as a global leader in this industry.

“Having a facilitating service on the ground in Houston is a practical step to support the new partnership.”

Resources and Energy Minister Gary Gray, who attended the LNG 17 global conference in Houston earlier this year, said selection of a facilitator has started, with the service expected to begin immediately following the election.

He said Houston was acknowledged as a global hub for the oil and gas industry where key decisions on Australian projects are made.

“Basing the service there will increase access to major United States and multinational oil and gas project developers and their major engineering, procurement and construction management contractors,” Minister Gray said.

“The facilitator initiative will be a first point of contact to help Australian suppliers to understand the pre-qualification and accreditation requirements for global projects and raise awareness about Australia’s capable and innovative suppliers.”

As well as supporting access for Australian firms, the service will feed back information on industry trends and developments to Australian suppliers and co-ordinate with other Australian Government support in the United States for exporters, for example, from Austrade.

Selection of a provider has started, with the service expected to begin immediately following the election.

The Labor Candidate for Flynn, Chris Trevor, said local Queensland companies have benefited enormously from the $60 billion in LNG investments currently under development.

“The huge growth in LNG developments in Queensland has been a major economic boost for the state,” Mr Trevor said.

“It’s given our young people new skills and new career paths closer to home as well as opening the door to a career in a global industry.

“Our local businesses have up-skilled and expanded their product and service offerings. Having proven themselves competitive with the rest of Australia and the rest of the world, this new service will be a practical way for our companies to capitalise on their achievements to date by providing links to upcoming projects and helping them win more contracts in the years to come.”

Funding for this commitment is included in the Budget.

GLADSTONE 31 AUGUST 2013