Perth is the Capital City of Western Australia and is consistently ranked by the Economic Intelligence Unit as one of the top 10 most liveable cities in the world.
Offering world-class infrastructure and facilities, with excellent business and investment opportunities, Perth is set on the banks of the majestic Swan River and is a hub for international business, particularly in the Asia Pacific region for the resources and energy industries.
Perth is the capital of the Australia’s largest state, covering 2.5 million square kilometers in area, Western Australia (WA) is home to more than 2.6 million people (as of March 2016).
Western Australia is the world’s number one diversified mining and energy province, with more than 50 different minerals produced in commercial quantities. Western Australia is a national and internationally significant state with a robust resources sector that fuels the Australian economy.
Perth is fast becoming a leading World Energy City with the largest concentration of global oil and gas companies and oil service companies in Australia including Chevron, Shell, ConocoPhillips and BHP Billiton. These companies operate projects across Australia, while servicing and supplying oil and gas exploration and production across the Indian Ocean and Pacific region.
After iron ore, LNG is Western Australia’s second largest resource export. Western Australia produces 63% of the nation’s natural gas and accounts for 86 per cent of its LNG exports (as of April 2016). Some of Australia’s largest oil and gas projects are located off the coast of WA, including Gorgon, Wheatstone, Ichthys and Prelude. A $70 billion investment, Chevron’s Gorgon Project, located on Barrow Island 70 kilometres off the coast of Western Australia, is the single biggest resources project in the nation’s history and will contribute a fifth of total export volumes as Australian production increases.
By 2018 Australia is expected to produce 87 Mt (Million tonnes) of LNG, ranking it above Qatar as the world’s leading LNG exporter, with Western Australia producing 56 per cent of Australia’s total. In April 2016, the WA Department of Mines and Petroleum estimated Western Australia had 39 trillion cubic feet of conventional natural gas reserves, which could sustain its LNG and domestic gas industry for another 29 years at current production rates.
Perth’s significance as a leading world energy city was endorsed on the international stage, with the successful completion of the 18th International Conference and Exhibition on Liquefied Natural Gas (LNG18), held in April 2016. The event attracted over 5,000 participants from 65 countries including the leaders of the world’s largest companies.
Western Australia is perfectly located to become the leading supplier of minerals and energy to emerging countries undergoing rapid urbanisation such as China, India and South-East Asia. Western Australia has the shortest travel times from any Australian State capital to most Asian and Indian Ocean markets. LNG can arrive by ship to China within one week and 8 days to Japan and Korea.
Perth has also developed as a global hub for scientific and technological innovation in the oil and gas sector in the areas of subsea exploration and production technologies, marine services, petroleum-related research, Front End Engineering and Design (FEED) and geophysical surveying.
Major petroleum operators, service providers and research institutes have recognised the potential and research capability of Perth, choosing to establish research and development centres, including Chevron, Shell, GE Oil and Gas, Cisco, Woodside, KPMG and IBM.
Perth has grown rapidly in the past ten years and its CBD has seen tremendous revitalisation. With more than $A250 billion worth of major infrastructure projects planned or already underway in WA, Perth has become a magnet for migration and investment. Businesses locating or visiting Perth can be assured of being situated in a dynamic resources hub that is growing and evolving at a fast pace.