Despite facing times of market turmoil and lower commodity prices, it is not all doom and gloom for the Australian resources sector, says Minister for Resources, Energy and Northern Australia Josh Frydenberg. Speaking at the National Press Club in Canberra on the strength and resilience of Australia’s energy and resources sectors, Frydenberg noted that in the years ahead to 2040, the liquefied natural gas (LNG) projects in Western Australia alone – Wheatstone, Pluto, Gorgon and North West Shelf – were expected to contribute $160-billion in taxes and royalties.
