Bureau of Resources and Energy Economics
The Bureau of Resources and Energy Economics is an economic research unit within the Department of Industry.
We provide professionally independent, high quality economic research, data, analysis and advice to governments, industries and other stakeholders on issues affecting Australia's energy and resources sectors.
Higher export volumes of resources and energy commodities combined with a lower Australian dollar exchange rate will support export earnings increasing 17 per cent to $205 billion in 2013–14, according to the Resources and Energy Quarterly—December quarter 2013.
Australia is now seeing a transition from the investment phase of the resources boom to the production phase, with18 projects completed at a record $30 billion between April and October, according to the Resources and Energy Major Projects—October 2013.
The Chinese economy is now in a stronger position than it was eighteen months ago, with the economy growing 7.7 per cent (year to date) during the first three quarters of 2013, according to the latest release of The Westpac-BREE China Resources Quarterly.
This release of the Electricity generation major projects report covers the period from October 2012 to August 2013. Projects at the Committed Stage of development have received a final investment decision (FID) and have either started, or are about to start, construction. In this current issue BREE finds that there are 22 projects in the committed category with a total planned capacity of 2,689 megawatts and an estimated capital expenditure of $5.6 billion. To put this in perspective, and to show the scale of the pipeline in Australia, the total additional committed generation capacity is equivalent to 5 per cent of existing installed capacity in Australia.
The Department of Industy is responsible for the collection of national and state petroleum statistical information, from which it produces this monthly publication.