14 EOI Received To Build Northern Territory Gas Pipeline

14 EOI Received To Build Northern Territory Gas Pipeline

Northern Territory Chief Minister Adam Giles

Strong Interest In North East Gas Interconnector

Victor P Taffa

The Giles Government has received 14 Expressions of Interest (EOI) from companies interested in building the proposed gas pipeline linking the Northern Territory to the East Coast gas grid.

“I am thrilled to see such strong interest from both local and overseas pipeliners in this important nation-building project.” Chief Minister Adam Giles said.

 

 

 

 

“This pipeline has the potential to create jobs and industry in the Territory, as well as relieve the East Coast gas crisis.”

“Expressions of Interest closed yesterday afternoon and the Government is now going through this impressive collection of proposals.” Mr. Giles said.

“There is no time to waste on this project 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.” Mr. Giles said.

“This pipeline could change that, opening up new economic opportunities for the Territory.”

“By creating new market access for NT gas, the pipeline has the potential to unlock investment capital and increase the level of exploration and development across 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.” Mr. Giles said.