Shale gas moratorium risks NT jobs, development

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15 January 19, 2:26pm #Seismic surveys have been used by the #oilandgas sector for decades in #Australian waters with no evidence of harm… https://t.co/HHygzHrCpH
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by APPEALtd
27 December 18, 1:02pm An efficient global carbon market is essential, says Australia's oil and gas industry https://t.co/GCbLVZLqWk #LNG
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by APPEALtd
21 December 18, 1:22pm #LNG exports are vital to Australia’s economic growth and play an important role in reducing CO2 #emissions globall… https://t.co/7F7v1GtLM9
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by APPEALtd
20 December 18, 9:22am Enter now: 2018 Environment and Safety Excellence Awards highlight #safety and #environmental excellence and reward… https://t.co/8dUPHbA3OI
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by APPEALtd

Calls for a moratorium on Northern Territory hydraulic fracturing and shale gas exploration have no basis in science and ignore the industry’s strong safety record.

Australia’s peak oil and gas body, APPEA, says decades of practical experience and many inquiries in Australia and overseas show fracking, the process used to extract shale gas, poses minimal environmental risk.

APPEA’s Northern Teritory Director Steven Gerhardy said a moratorium would prevent the exploration activity needed to develop a successful shale gas industry that had the potential to deliver up to 6300 new jobs and boost government revenues by up to $960 million (net present value) by 2040, according to a new study by Deloitte Access Economics

“The independent inquiry into hydraulic fracturing by Allan Hawke concluded there was no need for a moratorium because there was clear evidence the industry could be developed safely with proper regulation,” Mr Gerhardy said.

“Industry is supporting government moves to strengthen the NT’s regulatory framework and is committed to safe and sustainable operations.

“The reality is hydraulic fracturing is a well understood technology that has been used in Australia for decades.”

Mr Gerhardy said the Hawke Inquiry report and the DAE economic study presented a strong case for developing shale gas.

“Shale gas has the potential to become an important new industry for the Territory, delivering jobs, economic growth and much-needed government revenues to fund new and improved infrastructure and services for the community,” Mr Gerhardy said.

“The Deloitte study found that shale gas has the potential to be the second or third largest private sector employer in the NT creating long-term, high-paying jobs well into the future.

“Increasing onshore gas production would also generate increased royalties and business opportunities for indigenous communities.”