General
Commonwealth tips another $173 million into Beetaloo Basin gas reserve, insists emissions targets on track
The Federal Government is accelerating plans to develop a major gas basin in the Northern Territory, investing a further $173 million dollars into the Beetaloo Basin shale gas reserve.
Key points:
- The Government is aiming to unlock the Beetaloo Basin for gas production by 2025
- It has now announced more than $200 million in recent investment into the basin
- The investment comes despite concerns over the potential falling global demand for gas
The investment will fund road infrastructure in the region, 500km south-east of Darwin, and comes just weeks after the Government committed up to $50 million to drive exploration.
The Beetaloo Basin is one of five Australian gas fields the Commonwealth plans to open up, primarily to support exports and…
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