The pipeline project is a personal and political win for …

Comment on Tennant Creek gets the pipeline, not Alice Springs by Francis.

The pipeline project is a personal and political win for Giles.
He has demonstrated that he is pro development and in turn that will bring higher incomes and better services to Territorians.
This project isn’t going to see gas exported but will drive Australian industry.
Under pressure to kick in TIO sale money he resisted and now we have a massive NT development funded by the private sector.
Royalties from the sale of gas come to Territorians.
When the next election comes next year Giles will be able to show that he is a man of action with the interests of Territorians at heart.
By contrast the other parties will be seen as stuck in the past, lacking the vision and drive to move us beyond our “handout” status.
And it’s just the beginning, Giles has other projects on the way.
I have never voted CLP but well done Giles and his team.

Francis Also Commented

Tennant Creek gets the pipeline, not Alice Springs
Charlie W: Do you really think that the private sector is stumping up nearly $1b for a pipeline that won’t make a lot of cash?
Jenema’s operational profit depends on profit from sales that benefits us.
One fixed priced deal for gas has already been signed and more are on the way so there is no concern that the price of gas will collapse.
Our royalties of 20 million are for each year so 10 years means 200 million on schools, roads etc.
The pipeline is based on existing reserves, so no additional fracking is needed.
Not saying there won’t be more fracking but none is needed for this project.
And Charlie, get over your xenophobia, almost all investment is now open to the world and we are all better off for it.
And Giles didn’t sell out the Territory with this deal, given that the Feds wouldn’t put Northern Development funds into it, he took the only deal on offer and it is a good one.


Tennant Creek gets the pipeline, not Alice Springs
Hal your relief that the Simpson Desert, a vast unpopulated expanse of endless sand dunes looks safe from being crossed by a pipeline is just a little ridiculous.


Recent Comments by Francis

‘Sneaky’ Christmas present from Environment Minister
Well worth reading the Environmental Management Plan EP76 before commenting.
There would be no impact on the nearest groundwater users due to extraction from the CLA at Velkerri 76 S2 for exploration activities.
22 billion tonnes of CO2 released? Rubbish.
Gas is a lot cleaner than coal.
Bottom line is the NT is broke and there is no solution in sight from any party.
Gas extracted onshore pays a royalty to the NT Government and the Beetaloo Basin could generate a very large income that would benefit all of us.
Origin Energy is investing a very large sum of money here in the NT.
They are taking a big risk with shareholders’ money.
Thank you Origin Energy and Santos and Central Petroleum.
They are risking money to move the Territory forward.


When 20% royalties shrivel to as little as 1%
As a shareholder of Santos (STO) and Central Petroleum (CTP) I wish both companies had never set foot in the NT.
More than $100m spent with hardly any return in the Territory.
Many jobs created, employment of local Aboriginal people, royalties paid along with payoffs (remember CEO Cottee and the six Landcruisers).
Almost no return for company money. My money in part.
Constant harassment by green groups.
STO makes money in PNG as a JV partner in the PNG LNG project.
CTP has cost most investors dearly but they keep drilling and hoping.
A single well costs around $7m but can cost double that.
In my view the NT Government owes the companies as the previous CM recognised.


Aboriginal royalties: A golden deal?
The ABA holds over $1 billion in reserves for Indigenous people, many living in deep poverty.
Aboriginal owned Centrecorp is worth over $70m.
Aboriginal controlled Congress has a multimillion dollar “reserve” accumulated from its Government funding.
There sure is a lot of money allocated for Aboriginal people that is not getting to them.
And it isn’t whitefellas sitting on those riches.


Aboriginal royalties: A golden deal?
@ Jon Altman: Thanks for that information. About how much do the four land councils get for their administrative costs from royalties?


Aboriginal royalties: A golden deal?
James T Smerk: If you visit Yuendumu you may be surprised at the lack of apparent need.
Large spacious and up to date houses, some with just one person or a couple living in them.
Great communications, wifi internet, mobile etc.
Excellent services, health etc.
Large and modern adult education / training centre.
I’m not suggesting this opulence is common in Aboriginal communities.
A station, near Ti Tree and in fact most of the Barkly communities still suffer homelessness, poverty, the exploitation of paying high prices for food, poor medical services.
But not at Yuendumu.
So sad that the community that least needs royalties gets them in abundance.


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