APGA: NEGI presents opportunity for NT

“The lack of gas development in NSW and Victoria presented an excellent opportunity for the Northern Territory (NT) to step in and provide the required natural gas for south east Australia,” said APGA’s Chief Executive Cheryl Cartwright. The NEGI (north east gas interconnector), which would link the NT system with the eastern Australian gas market, would provide a market for NT gas and also set up the Territory for future development of its major gas reserves, Ms Cartwright told the 6th Annual NT Major Projects Conference 2015. “The NEGI will proceed only if it is commercially viable,” Ms Cartwright said in a presentation to the conference held at the Darwin Convention Centre. “This would be a good opportunity for the NSW government to secure much needed gas for the State. “NSW produces only 5 per cent of the gas it needs, importing the rest from interstate. “With the current pressure on gas supplies in the eastern states, it would seem sensible for the NSW government to secure future gas supplies. “Construction of the NEGI can only be good for Australia. “It would expand the southeast Australian gas market and it would then be only one – very large – step towards a national market if the West could then be linked to the NT system.” The NT government is expected to soon announce the winning tender for construction and operation of a major pipeline that would provide a market for NT gas.

Send this to a friend