QLD LNG job shedding reaches halfway

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From Bloomie:

The three LNG projects on the island, about twice as big as Martha’s Vineyard, occupy about 2 percent of the land area on its southwestern tip, a couple of miles from the central Queensland port town of Gladstone.

The island’s workforce has already halved from a peak of 14,500 people last year and will drop to a “very small number” next year, according to contractor Bechtel Group Inc. The last project, a ConocoPhillips-Origin Energy Ltd. venture, is due to begin production this month.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.