Territory Investment Potential on Show

The Territorys plan to be aworld-class hub for gas production, manufacturing and services will be outlinedin a series of sessions aimed at the oil and gas industry and investors on theEast Coast.

Team NT Executive membersPaul Tyrrell and Clare Martin will lead the pitch. Their role is to advocatethe Territorys investment, business and lifestyle prospects nationally andinternationally and harness investment opportunities.

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

Theoil and gas industry is supported by the Territory Labor Governments Budget2019 which included $6.5 million to continuethe $26 million Resourcing the Territory program to stimulate resourceexploration and investment attraction.

Among the points highlightedat the sessions will be:

  • The Territorys 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 Territorys 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, Jemenas Northern Gas Pipeline and the Tanami Gas Pipeline.
  • Darwins 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 thisweek in Brisbane, Sydney and Melbourne. They are being held in cooperation withthe AI Group, Manufacturing Australia, and Chemistry Australia.

As noted by the Ministerfor Trade and Major Projects, Michael Gunner

Continuing to sell theNorthern Territory as an attractive investment destination is a priorityof the Territory Labor Government.

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

Team NTs sessions are an important element of showcasingwhat the Territory has to offer and will help maximise opportunities forinvestment and job creation.

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