NT allocates $2M annually to drive job opportunities in Beetaloo gas industry

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Image credit: community-safety.ga.gov.au

The Northern Territory Government has unveiled a significant annual investment of $2 million in the 2024 Budget to catalyse job creation within the territory’s gas sector.

This funding is earmarked for an extensive regional monitoring program in the Beetaloo Sub-Basin, aimed at fostering employment opportunities for thousands of Territorians, the government said in a media release.

The Beetaloo Sub-Basin, renowned for its natural gas reservoirs, is poised to offer significant employment opportunities for thousands of Territorians.

Additionally, it aims to fortify the region’s energy security while injecting a substantial economic stimulus into local businesses throughout the Territory.

According to the government, the initiative aligns with the overarching goal of revitalising the Territory’s economy and ensuring its workforce remains engaged and productive.

By leveraging the potential of the Beetaloo Sub-Basin gas reserves, the government said it anticipates the creation of up to 13,000 jobs by 2040, alongside a surge of $17 billion in economic activity across the Northern Territory.

Chief Minister Eva Lawler emphasised the importance of supporting the growth of the natural gas industry, stating, “I’m focused on getting the Territory working and that’s why it’s important to back the natural gas industry and support its growth.”

She further highlighted the potential for job creation, noting, “We know that when the gas industry in the Territory grows there will be thousands of new work opportunities for Territorians.”

The monitoring program is designed to establish robust environmental safeguards, building upon the foundational data garnered through the Beetaloo Strategic Regional Environmental Baseline Assessment (SREBA).

In a collaborative effort, Charles Darwin University will spearhead most of the monitoring activities, encompassing data collection, analysis, and public reporting.

The government said this partnership prioritises Aboriginal engagement, with ranger groups actively participating in data collection exercises.