Gas powering Northern Territory economy

Recent articles


Tweets

7 December 21, 11:40am A new report from @FrontierEcon finds more natural gas is needed in electricity generation to support growing renew… https://t.co/wkv2lQjg68
array(24) { ["created_at"]=> string(30) "Tue Dec 07 01:40:41 +0000 2021" ["id"]=> int(1468032683808677889) ["id_str"]=> string(19) "1468032683808677889" ["text"]=> string(259) "A new report from @FrontierEcon finds more natural gas is needed in electricity generation to support growing renew… https://t.co/wkv2lQjg68" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(12) "FrontierEcon" ["name"]=> string(18) "Frontier Economics" ["id"]=> int(234700592) ["id_str"]=> string(9) "234700592" ["indices"]=> array(2) { [0]=> int(18) [1]=> int(31) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/wkv2lQjg68" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1468032683808677889" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["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
6 December 21, 4:28pm Today's government announcement of five new areas marked for #GHG storage opportunities represents another signific… https://t.co/OPt8jG1wVm
array(24) { ["created_at"]=> string(30) "Mon Dec 06 06:28:08 +0000 2021" ["id"]=> int(1467742634978398214) ["id_str"]=> string(19) "1467742634978398214" ["text"]=> string(262) "Today's government announcement of five new areas marked for #GHG storage opportunities represents another signific… https://t.co/OPt8jG1wVm" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(3) "GHG" ["indices"]=> array(2) { [0]=> int(61) [1]=> int(65) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/OPt8jG1wVm" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1467742634978398214" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["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(1) ["favorite_count"]=> int(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
6 December 21, 11:23am Read the full independent report from @ey_australia on the future of the Western Australian #oilandgas industry her… https://t.co/PZubb66zRO
array(24) { ["created_at"]=> string(30) "Mon Dec 06 01:23:21 +0000 2021" ["id"]=> int(1467665937159520260) ["id_str"]=> string(19) "1467665937159520260" ["text"]=> string(331) "Read the full independent report from @ey_australia on the future of the Western Australian #oilandgas industry her… https://t.co/PZubb66zRO" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(92) [1]=> int(102) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(12) "EY_Australia" ["name"]=> string(12) "EY Australia" ["id"]=> int(195652305) ["id_str"]=> string(9) "195652305" ["indices"]=> array(2) { [0]=> int(38) [1]=> int(51) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/PZubb66zRO" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1467665937159520260" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["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(1) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
3 December 21, 3:47pm #Labor’s Powering Australia Plan provides some clarity around how the party plans to meet its emissions reduction t… https://t.co/QcGUT7VlH2
array(24) { ["created_at"]=> string(30) "Fri Dec 03 05:47:59 +0000 2021" ["id"]=> int(1466645367844335619) ["id_str"]=> string(19) "1466645367844335619" ["text"]=> string(276) "#Labor’s Powering Australia Plan provides some clarity around how the party plans to meet its emissions reduction t… https://t.co/QcGUT7VlH2" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(5) "Labor" ["indices"]=> array(2) { [0]=> int(0) [1]=> int(6) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/QcGUT7VlH2" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1466645367844335619" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["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

It might not be dominating the headlines like the Federal Budget, but the Northern Territory budget is another reminder of the positive impact natural gas is having on the lives of many Australians.

The budget highlights the growing importance of natural gas  to the NT, which is enjoying Australia’s strongest economic growth thanks to construction activity related to INPEX’s $33 billion Ichthys LNG project in Darwin.

The flow-on benefits to other sectors of the NT economy, such as retail, housing, transport and manufacturing, is boosting own-source revenue for the NT Government and contributing to significantly improved budget outcomes.

And the potential for onshore gas projects to generate economic growth and jobs has also been recognised with a new $8 million program to assess the territory’s shale gas resources.

Not only could shale gas deliver jobs, economic growth and improved infrastructure in remote and regional communities, it would also provide the NT Government with a new source of revenue independent of the Commonwealth.

This is a potential game-changer for the Territory, which currently relies on Commonwealth funding for around 70 per cent of its annual budget.

It looks like gas will continue to power the Territory for years to come.

Share with your friends and colleagues.