NT Government finalises Beetaloo regulatory framework providing green light to move to production approvals. 

Alex Underwood, Empire's Managing Director, commented on today's release:   

"We welcome this historic announcement by NT Chief Minister Fyles and Resources Minister Manison. After an extensive process of review and reform, industry participants and their investors now have certainty on how the NT Government will regulate this vital industry.

Empire is committed to meeting the highest operational and environmental standards and collaborating with government, traditional owners, other landholders and the broader community to ensure the benefits of the development of the Beetaloo’s natural resources will be shared across the Northern Territory and in other areas that support that development.

Gas is a critical enabler of the energy transition and an irreplaceable feedstock for many products on which we rely in our modern lives. The Beetaloo’s low CO2 gas will play an important role in providing the NT, Australia and the Asian region energy security for decades.

Building on the encouraging results of our exploration activity over the last four years, we look forward to submitting applications for all required approvals to enable us to move into gas production and the delivery of much-needed new gas supply to the Australian domestic market, and subsequently to increase LNG exports, already the NT’s largest source of foreign income and a significant contributor to Federal Government revenues."

Please click here to read the full announcement.