Energy and minerals
The Northern Territory has globally significant onshore and offshore energy reserves and a long history as a supplier of oil, gas and uranium to global markets. The Territory can contribute to improving global and national energy security, and in doing so deliver significant local economic growth opportunities.
However, development must be managed to minimise environmental impacts and to reflect community attitudes. This is why government is focused on establishing the right regulatory environment that supports investment, while protecting our environment and reflecting community values. To ensure the benefits of the industry are captured in the Territory, government is exploring opportunities to maximise local employment and participation of Northern Territory businesses.
The economic potential of the Territory’s rich minerals deposits is substantial. World-class minerals projects contribute significantly to our economic growth, and government is continuing to invest in obtaining and disseminating pre-competitive geological information to attract investment in exploration and to support projects commencing.
To ensure Territorians benefit from our resource wealth we need to ensure there is community support for industry activities and that investors have confidence and certainty when they make investment decisions. In the near-term, government and industry need to work together to ensure key concerns held by the community are addressed and there is a clear, agreed and endorsed pathway to facilitate industry development.
|High level action||Measure||Lead / partners||Lever|
|Deliver the independent Scientific Inquiry into Hydraulic Fracturing of Onshore Unconventional Reservoirs in the Northern Territory||Report delivered||NT Govt (NTG)|
|Drive exploration and growth in the energy and minerals sector by providing pre competitive geoscience data to industry and proactively promoting the Territory’s resource potential and investment opportunities||Increased exploration activity and inbound investment into resources projects||NTG|
|Develop a communication strategy to inform the community of benefits from energy and minerals industry activity, including business and job opportunities, and to clarify the impact on the environment||Strategy implemented||Industry|
|Collaborate across industry to support the development of a mining service and supply centre in Tennant Creek, driven by industry demand and growth||Industry opportunities are identified and realised||
|Investigate the feasibility of a common-user mine processing facility in Tennant Creek||Feasibility study completed||NTG|
|Review energy and mineral legislation to improve consistency in applying legislation||Review findings implemented||NTG|
|Attract major gas corporations to establish regional or national headquarters in Darwin||National or regional headquarters established||NTG|
|Work with the extractive industry to ensure ongoing supply of materials for the construction industry||Materials are available for use by the construction industry||