The environmental impact statement (EIS) has reported that the manufacturing industry in both Queensland and Australia-wide is likely to experience some adverse impacts from the drawing of labour between manufacturing subsectors and the potential for exports of LNG to place upward pressure on Australia’s exchange rate, potentially reducing the global competitiveness of manufacturing goods that are produced in Australia.
The EIS also stated that there would be an increase in both gross state and gross domestic product of $2.5 billion annually once the first and second LNG trains are operational, with an increase in gross state product of $5.3 billion annually once the third and fourth LNG trains are operational.