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Territory Investment Potential on Show

19 May 2019 9:45 AM | Sonia Harvey (Administrator)

The Territory’s plan to be a world-class hub for gas production, manufacturing and services will be outlined in a series of sessions aimed at the oil and gas industry and investors on the East Coast.

Team NT Executive members Paul Tyrrell and Clare Martin will lead the pitch. Their role is to advocate the Territory’s investment, business and lifestyle prospects nationally and internationally and harness investment opportunities.

Mr Tyrrell, as former head of the Territory’s public service, and Ms Martin, former Territory Chief Minister, are credited with playing key roles in significant initiatives such as attracting the Ichthys Project onshore LNG facilities to Darwin.

The oil and gas industry is supported by the Territory Labor Government’s Budget 2019 which included $6.5 million to continue the $26 million Resourcing the Territory program to stimulate resource exploration and investment attraction.

 Among the points highlighted at the sessions will be:

  • The Territory’s five-point plan to diversify and grow the Northern Territory gas industry, including creating a new gas demand centre in Darwin to develop a range of gas processing and manufacturing industries, research and cluster centres.
  • Prospective onshore gas developments in the Territory and the significant opportunities for gas supply to East Coast industrial and residential customers. This comes after the first gas flowed from the Territory to East Coast gas markets via the Northern Gas Pipeline in January this year.
  • The Territory’s record of successfully facilitating large-scale investment projects across a range of industries including oil and gas, mining and agribusiness. Examples of gas sector developments include the INPEX-operated Ichthys LNG Facility, the ConocoPhillips-operated Darwin LNG Facility, Jemena’s Northern Gas Pipeline and the Tanami Gas Pipeline.
  • Darwin’s role as a strategically located LNG hub supplying Asian markets. The Territory is strategically positioned to secure gas from existing offshore gas reserves in the Timor Sea or from future onshore gas developments. 

The sessions will be held this week in Brisbane, Sydney and Melbourne. They are being held in cooperation with the AI Group, Manufacturing Australia, and Chemistry Australia.

 Quotes from the Minister for Trade and Major Projects, Michael Gunner

“Continuing to sell the Northern Territory as an attractive investment destination is a priority of the Territory Labor Government.

“The oil and gas industry plays an important role in growing our economy and creating jobs through further onshore and offshore investment.

“Team NT’s sessions are an important element of showcasing what the Territory has to offer and will help maximise opportunities for investment and job creation.”

 Media contact: Cameron Angus 0404 021 192.

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