Energy Club

Northern Territory

  • Home
  • News
  • Federal election NT 2022: $300m Energy pledge NT

Federal election NT 2022: $300m Energy pledge NT

24 Apr 2022 10:49 AM | Stephanie Berlin (Administrator)


THE Northern Territory’s dream of becoming a clean energy superpower will be turbocharged by the $300m pledge, which the Coalition claims will see more than 3800 new jobs created.

In addition to significant pledges toward clean hydrogen industry and carbon capture in Darwin, INPEX would also receive $30m to explore whether the Petrel subbasin would be suitable for CO2 storage. The company would get a further $1m to conduct a study into the feasibility of clean hydrogen.

The Japanese government has previously expressed interest in using INPEX’s Darwin operations to export clean hydrogen back to Japan, to help the nation meet growing energy demand.

A further $96m would be made available to new clean energy projects in the Northern Territory. In addition to 16,000 new jobs by 2050, Mr Morrison said construction of renewable projects in the NT could employ another 13,000.

“Our economic plan for the Territory will deliver a jobs boom, creating a stronger economy for a stronger future,” the Prime Minister said.

“We want to harness the Territory’s position as a world leader in energy and turbocharge it, unlocking investment and generating more jobs.”

Energy Minister Angus Taylor said the investment in the Northern Territory’s LNG exports was vital, given global pressure on supply.

“Global demand for LNG is poised to grow in response to the Russian invasion of Ukraine, and the Territory will benefit from another jobs boom as production decarbonises and new fields like the Beetaloo are opened up,” Mr Taylor said.

He said greenhouse gas storage opportunities gave Australia’s LNG a competitive advantage on the global market.

Harnessing of LNG in the Beetaloo Basin has been hotly contested by environmentalists, with the NT government putting in place significant controls on fracking.

Excerpt from NT NEWS article 

Energy Club NT is an Incorporated Association 

The information contained in this website is for general information purposes only. The information is provided by Energy Club NT Inc and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites and files which may not be owned, authored or under the control of Energy Club NT Inc. We have no control over the nature, content and availability of other websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Powered by Wild Apricot Membership Software