Energy Club

Northern Territory

  • Home
  • News
  • Gas entrepreneurs bet on Beetaloo Basin as Australia's answer to US shale

Gas entrepreneurs bet on Beetaloo Basin as Australia's answer to US shale

13 Jan 2016 9:32 AM | Sonia Harvey (Administrator)

Credit:  Angela Macdonald-Smith

Entrepreneurs who have made billions on US shale and Queensland Coal seam gas are betting that the remote and little known Beetaloo Basin in the Northern Territory will be Australia's answer to the US unconventional gas phenomenon.

American Energy Partners (AEP), headed by US shale pioneer Aubrey McClendon, and multibillion-dollar Texas-based private equity investor Energy & Minerals Group (EMG), are among those that have been lured to the Beetaloo within recent months by huge estimates for resources as well as pipelines and LNG plants that can deliver gas to buyers.

That combination of favourable geology and multiple routes to customers, including the huge international LNG market as well as local mines and customers in southeast Australia, makes the opportunity in the Beetaloo area unique, players say.

Read more: http://www.theage.com.au/business/energy/gas-entrepreneurs-bet-on-beetaloo-basin-as-australias-answer-to-us-shale-20151231-glxgwy.html#ixzz3x4uHLuFK 

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