South Australia ranked top investment region
SOUTH Australia is one of the world’s leading destinations for petroleum investment, according to the 2017 Fraser Institute Petroleum Survey.
Of the 97 global energy jurisdictions surveyed, South Australia was ranked one of the top 10 attractive regions, while WA, NSW, Northern Territory and Victoria ranked 37th, 85th, 86th, and 87th respectively.
“South Australia successfully ensures that government is accessible and willing to respond to issues in a practical manner.” the report stated.
APPEA chief executive Malcolm Roberts said while the result for the State was good news, bipartisan support was under threat in the lead up to the March state election with Liberals promising to impose a moratorium on gas development in the State’s south east.