Reports confirm strong investment pipeline for oil and gas

Two Federal Government reports have been released confirming there is a multibillion-dollar oil and gas investment pipeline well into the future, propelling economic activity to record levels, according to the Australian Petroleum Production & Exploration Association (APPEA).

The Resources and Energy Major Projects 2021 report reveals LNG, oil and gas projects account for 42 per cent of the total for the sector, twice the contribution of the next source, iron ore at 21 per cent.

In the 12 months to October 2021, the number of resources and energy major development projects increased by 9 per cent to 367 projects.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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