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Policy & Regulation

Aussie NT prepares for shale gas investment

With a new regulatory regime largely finalised, the NT government is looking to reap the rewards from investment in onshore shale gas exploration With a new regulatory regime largely finalised, the NT government is looking to reap the rewards from investment in onshore shale gas exploration
By Sally Bogle 25 July 2019 Asia Pacific / Exploration & Production 0 34426
CBM assets in Queensland. (Molopo)

The key issue: With fracking on lock-down in most Australian states, explorers are turning their attention to the Northern Territory, where the government has just approved the first drilling campaign since onshore fracking was halted in September 2016.

Interfax analysis: The Northern Territory (NT) government is hoping to spur investment in onshore fracking – and kickstart a lucrative royalty regime – by allowing selected exploration and development of its vast onshore shale gas resources. It comes in stark contrast to other states...