The A$40-billion Burrup Hub development proposed by oil and gas major Woodside could boost Australia’s gross domestic product (GDP) by some A$414-billion during 2019-2063, new data from economic consultants ACIL Allen has shown.
Woodside COO Meg O’Neill noted the project could deliver total direct tax and royalty payments of up to A$82-billion, with the Burrup Hub likely to support the creation of an estimated 4 000 full-time equivalent jobs a year nationally over a 40-year time frame.