Strong interest in north east gas pipeline

LETTER TO THE EDITOR

 

Sir – We have received 14 expressions of Interest from companies interested in building the proposed gas pipeline linking the Northern Territory to the East Coast gas grid, from  both local and overseas pipeliners, for this important nation-building project

 

It has the potential to create jobs and industry in the Territory, as well as relieve the East Coast gas crisis.

 

There is no time to waste and an assessment panel will be convened this week to start the process of shortlisting proponents. We hope to release this shortlist of companies going through to the next stage in the coming days.”

 

It is estimated that the Territory has more than 200 trillion cubic feet of gas resources in six onshore basins and 30 trillion cubic feet of offshore gas reserves.

 

We have the gas the country needs to develop new industries and meet demand for domestic energy but the gas isn’t currently accessible This pipeline could change that, opening up new economic opportunities for the Territory.

 

The project will also generate substantial economic activity and employment during the construction phase and long term operational phase. Much of this employment will be generated in regional areas of the Territory where jobs are needed most.

 

The Territory has a growing reputation as a gas hub with most of the services required to plan, construct, own and operate significant pipelines already available here. This is a huge opportunity to expand that reputation further.”

 

Adam Giles

Chief Minister

 

 

Be Sociable, Share!

7 Comments (starting with the most recent)

NB: If you want to reply to a previous comment, start your comment with this notation: @n where n is the number of the comment you want to reply to.
  1. Bronte Zadow
    Posted January 26, 2015 at 2:27 pm

    The question I ask, how much profit will this generate? We hear all all these pie in sky stories. In dollars and cents, what is northern Territory going to get out of it? The one in Darwin has fallen short. They said it would employ 30,000 people and in the last few weeks have been laying people off.
    How many people will be employed? What is Alice Springs going to get?
    This should be discussed as we have enough white elephants.

    View Comment
  2. Jones
    Posted December 17, 2014 at 3:39 pm

    Bob, and just to illustrate your point, Centralian Petroleum, our major oil and gas tenement holder and explorer, was trading at 58 cents per share in March. Today it traded at just over 9 cents a share. Investors do not believe there will be a pipeline.

    View Comment
  3. Hal Duell
    Posted December 17, 2014 at 2:46 pm

    @Bob Durnan
    Posted December 17, 2014 at 10:35 am
    Hello again, Bob.
    Here’s another take on the fall in world oil and gas prices.
    Sometime early next year those operating the shale oil and gas revolution in the US will have to refinance their bank loans. At today’s prices they will find themselves facing bankruptcy. Imagine how fast they will beat a path to Congress’s door.
    Then imagine a delegation from the US to Saudi Arabia promising the Saudis a certain market share in the US in exchange for curtailing their production to enable a rise across the board.
    Russia will be deemed to have been hit hard enough for this current manufactured price fall to be curtailed.
    Prices will go back up.
    And the NT, instead of sitting on uneconomic reserves, will suddenly rediscover that the reserves are economic, AND that there is a pipeline waiting to take the product to the eastern seaboard.

    View Comment
  4. Bob Durnan
    Posted December 17, 2014 at 10:35 am

    More hot air from Adam Giles. “It is estimated that the Territory has more than 200 trillion cubic feet of gas resources in six onshore basins and 30 trillion cubic feet of offshore gas reserves.
    … There is no time to waste and an assessment panel will be convened this week to start the process of shortlisting proponents. We hope to release this shortlist of companies going through to the next stage in the coming days.”
    Adam must think we are too stupid to realise that there is currently a collapse in the price of crude oil and gas, and that the relevant corporations have lost many billions of dollars in net worth in the last few months. The idea that any of them will be rushing to throw billions at helping to construct a new gas pipeline to take completely unproven (and probably highly uneconomic) gas reserves interstate is risible.
    Giles is either deluding us or himself; more likely, he is trying to do both. About time we all told this clown to stop wasting our precious time with his politically opportunistic hypnotism act.
    If Abbott can be persuaded to put money into infrastructure in the NT, let it be spent on our badly undeveloped social, health, transport and educational needs, but not to subsidise the profit making of transnational corporations who won’t employ many locals as they rip our resources out at Adam’s mates’ rates.

    View Comment
  5. Erwin Chlanda
    Posted December 17, 2014 at 9:36 am

    @ Jones: Mr Giles has still not answered the 12 questions about the pipeline the Alice Springs News Online put to him on October 14.
    See http://www.alicespringsnews.com.au/2014/11/08/government-by-staged-media-events/
    Erwin Chlanda, Editor

    View Comment
  6. Jones
    Posted December 17, 2014 at 9:12 am

    These are proposals to build a gas pipeline not pay for it. Of course a lot of companies would like to build it, as long as government is paying for it. The only relevant information we need to hear from Mr Giles is whether or not the feds will pay for it, anything else is just spin.

    View Comment
  7. Hal Duell
    Posted December 16, 2014 at 3:40 pm

    A family I know who own their own house with a separate granny flat in the back recently rented the flat to a tradie fresh in town from Mission Beach in Queensland.
    It seems he came to Alice because there was no work over there, and word is out that in Alice there will be work in 2015.
    I hope for his sake and for ours that his optimism proves well founded.

    View Comment

Post a Comment

Your email is never shared. Required fields are marked *

*
*