Gas industry primed to drive NT’s economic future

Recent articles


Tweets

14 November 18, 12:47pm Demand for #natgas is expected to surge 45 per cent by 2040 with #gas providing 25 per cent of global energy demand… https://t.co/iWvjaGvVJM
array(24) { ["created_at"]=> string(30) "Wed Nov 14 02:47:07 +0000 2018" ["id"]=> int(1062537383260778496) ["id_str"]=> string(19) "1062537383260778496" ["text"]=> string(331) "Demand for #natgas is expected to surge 45 per cent by 2040 with #gas providing 25 per cent of global energy demand… https://t.co/iWvjaGvVJM" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(11) [1]=> int(18) } } [1]=> array(2) { ["text"]=> string(3) "gas" ["indices"]=> array(2) { [0]=> int(65) [1]=> int(69) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/iWvjaGvVJM" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1062537383260778496" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(66) "Twitter Web Client" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(3) ["favorite_count"]=> int(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
14 November 18, 8:45am The latest @IEA report identifies the vital role Australia’s #natgas will play in delivering a more secure, afforda… https://t.co/0qpoB55FXN
array(24) { ["created_at"]=> string(30) "Tue Nov 13 22:45:01 +0000 2018" ["id"]=> int(1062476454661808128) ["id_str"]=> string(19) "1062476454661808128" ["text"]=> string(321) "The latest @IEA report identifies the vital role Australia’s #natgas will play in delivering a more secure, afforda… https://t.co/0qpoB55FXN" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(61) [1]=> int(68) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(3) "IEA" ["name"]=> string(3) "IEA" ["id"]=> int(84679163) ["id_str"]=> string(8) "84679163" ["indices"]=> array(2) { [0]=> int(11) [1]=> int(15) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/0qpoB55FXN" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1062476454661808128" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(66) "Twitter Web Client" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(0) ["favorite_count"]=> int(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
14 November 18, 8:11am Forecasts by @IEA show global demand for #natgas will surge over the next 20 years, creating a phenomenal #economic… https://t.co/bV4jkGNYnG
array(27) { ["created_at"]=> string(30) "Tue Nov 13 22:11:21 +0000 2018" ["id"]=> int(1062467981010030592) ["id_str"]=> string(19) "1062467981010030592" ["text"]=> string(399) "Forecasts by @IEA show global demand for #natgas will surge over the next 20 years, creating a phenomenal #economic… https://t.co/bV4jkGNYnG" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(41) [1]=> int(48) } } [1]=> array(2) { ["text"]=> string(8) "economic" ["indices"]=> array(2) { [0]=> int(106) [1]=> int(115) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(3) "IEA" ["name"]=> string(3) "IEA" ["id"]=> int(84679163) ["id_str"]=> string(8) "84679163" ["indices"]=> array(2) { [0]=> int(13) [1]=> int(17) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/bV4jkGNYnG" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1062467981010030592" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(66) "Twitter Web Client" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(true) ["quoted_status_id"]=> int(1062404981159018496) ["quoted_status_id_str"]=> string(19) "1062404981159018496" ["quoted_status"]=> array(24) { ["created_at"]=> string(30) "Tue Nov 13 18:01:00 +0000 2018" ["id"]=> int(1062404981159018496) ["id_str"]=> string(19) "1062404981159018496" ["text"]=> string(148) "Oil & natural gas will be part of the energy system for decades to come – even under efforts to reduce GHG emission… https://t.co/6elF9ZzCO9" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/6elF9ZzCO9" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1062404981159018496" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(121) [1]=> int(144) } } } } ["source"]=> string(54) "Buffer" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> array(2) { ["id"]=> int(84679163) ["id_str"]=> string(8) "84679163" } ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(42) ["favorite_count"]=> int(46) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" } ["retweet_count"]=> int(0) ["favorite_count"]=> int(1) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
13 November 18, 1:24pm Enter now - 2018 Environment and Safety Excellence Awards focus on safety and #environmental excellence and highlig… https://t.co/N1QSi3u3fk
array(24) { ["created_at"]=> string(30) "Tue Nov 13 03:24:23 +0000 2018" ["id"]=> int(1062184371669491712) ["id_str"]=> string(19) "1062184371669491712" ["text"]=> string(272) "Enter now - 2018 Environment and Safety Excellence Awards focus on safety and #environmental excellence and highlig… https://t.co/N1QSi3u3fk" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(13) "environmental" ["indices"]=> array(2) { [0]=> int(78) [1]=> int(92) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/N1QSi3u3fk" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1062184371669491712" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(66) "Twitter Web Client" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(0) ["favorite_count"]=> int(2) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd

The Northern Territory Economic Development Framework, newly released by Chief Minister Michael Gunner, recognises the vital role that natural gas will play as one of the NT’s major growth sectors to maintain and grow living standards across the region.

APPEA’s NT Director, Matthew Doman said: “With almost 30 trillion cubic feet of offshore gas reserves, and potentially far greater resources onshore, the Territory’s economy will benefit from the decades-long development and production of gas for both domestic and export markets.”

The Framework highlights that the NT’s onshore basins are estimated to hold around 200 trillion feet of natural gas, enough to power Australia for 200 years.

“The oil and gas industry recognises that onshore gas development in the Territory must be done in an environmentally and socially responsible manner,” said Mr Doman.

“That’s why we are working collaboratively with the Scientific Inquiry into Hydraulic Fracturing and are highlighting the strong environmental and social practices the industry maintains.

“The industry also recognises the need to inform Territorians of the benefits from the development of onshore gas, including opportunities for local businesses and jobs.

“APPEA and its members operating in the Territory will once again be present at next month’s regional shows across the NT.”

Mr Doman said a 2015 Deloitte Access Economics study found developing gas could boost NT Government revenues by almost $1 billion by 2040 and create up to 6300 new jobs – with many of these jobs created in regional areas.

The NT Fracking Inquiry recently commissioned independent economic modelling to further evaluate the impact of new gas development.

The Framework also identifies the renewable sector as a key emerging industry in the NT.

“With gas already providing over 90% of the NT’s electricity, the Territory is well placed to integrate an increased share of renewables without compromising energy security,” Mr Doman said.