SEAAOC 2008

NT hopes to land $50bn whopper

THE Northern Territory could see a $50 billion boost to its economy if Inpex decides to pipe gas ...

This article is 16 years old. Images might not display.

NT Chief Minister Paul Henderson told the SEAAOC Conference in Darwin yesterday the report from ACIL Tasman meant more jobs and opportunities for people in the NT.

"It would be a significant impact on the economic security of the Northern Territory. It would underpin the economy for decades to come," he added.

"We have a strong case - but there is a long way to go if we are to win this project from Western Australia."

ACIL Tasman's assessment forecasts that Ichthys would inject $50 billion into the Territory economy over 20 years, from the start of site work in 2010.

The company identifies benefits flowing through to small business in a range of industries including manufacturing, maintenance, transport, training, office equipment, and accommodation.

Federal Resources Minister Martin Ferguson said later there was nothing wrong with competition between states but that he wanted a decision sooner rather than later.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry