Oil and gas industry supports strong environmental standards in NT

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20 February 18, 11:52am APPEA 2018 - Australia's unmissable oil & gas event: Adelaide 14-17 May Hear from Australian and global oil and gas… https://t.co/5mASnMRjar
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by APPEALtd
19 February 18, 9:28am APPEA 2018 pre-conference site tour: Innovation & Excellence. Monday 14 May - tour will include Australia’s first I… https://t.co/oPPuWge2cn
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by APPEALtd
15 February 18, 4:21pm The National Energy Guarantee (NEG) is an ambitious plan to balance cutting emissions with delivering affordable, s… https://t.co/FFLDAY61t9
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by APPEALtd
15 February 18, 2:20pm Lock the Gate must remove from its website the false allegations that led to an apology for misleading the Scientif… https://t.co/JjfhsTqcK9
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by APPEALtd

The oil and gas industry supports the Northern Territory Government’s commitment to “world’s best practice regulations” to safeguard the environment.

Chief Minister Adam Giles made the commitment at today’s NT Major Projects Conference in Darwin.

APPEA says a strong risk-based regulatory framework supported by high standards of industry practice would enhance public confidence in onshore gas operations.

“The independent Hawke Inquiry earlier this year concluded that onshore gas can be developed safely in the Territory when properly regulated,” said APPEA’s Northern Territory Director, Steven Gerhardy.

“This provides a sensible and credible foundation on which to develop a new industry that has the potential to deliver much-needed jobs and investment, particularly in regional areas.”

Mr Gerhardy said a recent study by Deloitte Access Economics had found that shale gas could provide a $22 billion boost to the NT economy over the next two decades, generating up to $460 million in annual government revenue by 2040 and up to 6300 new jobs.

He said the proposed North East Gas Interconnector (NEGI) pipeline would encourage the development of the NT’s gas resources, including shale and tight gas.