Posted June 05, 2018 08:00:48New South Wales is poised to become the first state to get a major liquefied natural gas project off the ground with the commencement of a $1 billion LNG export terminal.

The NSW government has agreed to the $1.1 billion project to develop LNG liquefaction on the Hunter Valley site at the Goldfields, about 1,600 kilometres west of Sydney.

NSW Premier Gladys Berejiklian said the project was an important first step towards creating jobs and economic opportunities for the state and its residents.

“This project will provide a new export facility for NSW and a significant contribution to the economy and jobs of the state, which will create thousands of jobs across the state,” Ms Berejim said.

“The project will create jobs and increase tourism for New South Welsh people, and create significant employment opportunities for our regional workforce.”

Key points:New South Welsh Premier Gladies Berejika says the project will produce about 200 jobs in NSW and $2 billion in jobs across AustraliaNew South Wales is the first New South State to receive a liqueflowness export terminalNSW has been seeking a liquafied natural-gas export terminal since 2015The LNG terminal will be located about 1.6 kilometres east of the Hunter and is one of the largest of its kind in the world.

“We have a huge opportunity here in NSW, and this is the best opportunity for the whole country to benefit from it,” Ms Berlis said.

The LNGL terminal is expected to generate more than $1bn in employment for the region, and about $1 million a year in new revenue for NSW, the state government said.NSW’s Premier said she was pleased to welcome the project to the region.”LNG is an excellent alternative to coal-fired power, so it will provide jobs for the people of the region,” she said.

Ms Berejie said the LNG project would also provide more than a thousand jobs in the Hunter region, a sector that was “particularly hard hit” by the Great Barrier Reef closure.

“I’m pleased that this LNG plant is coming to our state, it will bring jobs and growth to this region,” Ms Brown said.