Analysis released in September 2020 has shown the Tasmanian Gas Pipeline (TGP) directly supports close to $1 billion worth of economic output, over 4,000 direct Tasmanian jobs and over 8,500 jobs in total, confirming the significant contribution Tasmania’s only bulk supplier of natural gas makes to the state.
According to the Tasmanian Gas Pipeline Economic Analysis prepared by Deloitte Access Economics released today, the TGP also helps to ‘maintain and sustain’ Tasmania’s manufacturing sector by providing a reliable and competitive source of clean energy and adds to the state’s energy security by supplying the Tamar Valley Power Station.
The $970 million in value the pipeline adds to Tasmania’s economy is equivalent to three per cent of the state’s GSP and the 8,500 jobs it supports makes up 3.4 per cent of Tasmania’s total employment.
Quick facts – Tasmanian Gas Pipeline Economic Analysis:
- Directly supports $970 million of economic output (three per cent of Tasmania’s GSP)
- Directly supports 4,244 jobs (two per cent of Tasmania’s employment)
- Supports 8,850 jobs in total (3.4 per cent of Tasmania’s employment)
- Services 1,000 commercial customers and 12,500 residential customers