Citi Perspectives Spring 2020

Citi Perspectives  | 47 • AU$73 billion in taxation revenue generation for Australian governments (averaged at AU$1.9 billion per year). • AU$91 billion increase in Australian real income. • The average annual increase in exports from Ichthys LNG will be: —— Greater than the total exports from the Tasmanian economy in 2015-16 (AU$4.2 billion). —— Around 89 percent of exports produced in the Northern Territory in 2015-16. —— Greater than Australia’s total wheat exports in 2014-15. • The average taxation payments generated from Ichthys LNG to the Australian Government (AU$1 billion per year) would place it as one of Australia’s largest taxpayers. • AU$39 billion taxation revenue is expected to come from company tax payments over the period. • 1,800 full-time equivalent jobs are anticipated to be created per year on average across Australia over 40 years. Savannah fire management program* INPEX has an agreement with the Indigenous Land and Sea Corporation, a Commonwealth Government entity, and Perpetual, a professional trustee company, to deliver a savannah fire management program in the Northern Territory. Aboriginal and Torres Strait Islander peoples have a long tradition of burning tropical savannah to reduce bushfire risks. The practice of strategically burning in the early dry season, when fires are cooler and more localized, is now also reducing carbon emissions. As well as providing tangible carbon offsets by controlling wildfires, the AU$34 million program has a significant range of other emerging benefits including: • Delivering sustainable employment, training and business opportunities for Northern Territory Aboriginal and Torres Strait Islander peoples by creating sustainable viable carbon enterprises in remote communities. INPEX has produced a Vision 2040 report, that outlines its sustainability and business aspirations, which identifies Australia as one of the company’s leading countries for future investment. *Source: INPEX