NT’s Beetaloo Basin to benefit from federal government’s $58.6m investment in Australian gas industry

THE importance of the Northern Territory’s gas rich Beetaloo Basin will be further emphasised in the federal budget with $58.6m of measures to further drive Australia’s gas-fired economic recovery. Just yesterday, the federal government announced a $190m “refresh” of its Northern Australia development blueprint that includes a new multimillion-dollar investment package focusing on “corridors of growth”– like the Beetaloo Basin to the Port of Darwin. This new package puts the emphasis on the supply chain that will boost the east coast gas market. Bladin Point key to solving NT ‘workforce crisis’: Industry leaders NT Govt silent on Darwin taking all India flights from May 15 Federal govt commits $30m for more reliable electricity in the NT The federal government is allocating $38.7m for targeted support of critical gas infrastructure projects to alleviate Australia’s forecast gas supply shortfall. The remainder of the $58.6m includes: Federal Energy Minister Angus Taylor said additional gas supply must be supplied to consumers at the right price, with infrastructure being key to delivery. “Gas is a critical enabler of Australia’s economy and helps to support our manufacturing sector that employs over 900,000 Australians,” he said. “Without action to address supply, industry and households will be faced with higher prices, disruptions in supply and unplanned outages.” NAT – Stay Informed – Social Media gary.shipway@news.com.au