Better than Beetaloo - How the NT can deliver energy security this decade without fracking
A new report by Springmount Advisory has interrogated the gas off-take deals struck by the Northern Territory Government with fracking companies. The analysis suggests that just one of the deals could cost Territorians $1 billion in total - to pay for gas they don't need and can't afford.
The research concludes that the deal is a terrible outcome for NT taxpayers that effectively abandons the NT’s 50% renewable energy target by 2030, and undermines the commercial position of other energy providers in the Northern Territory.
Rather than providing billions in support to foreign-owned gas companies, the report concludes the NT Government should be supporting households and businesses to install solar and storage, developing new large-scale renewable energy and grid connected storage projects in the Territory, and securing gas supply from existing conventional gas producers like Central Petroleum and gas exporters like INPEX.
Download the full report