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New Multi Billion Dollar LNG Project for NT

The Northern Territory Government has stated it will contribute $250,000 towards a feasibility study into adding a second production unit at the existing 3.6 million tonne a year ConocoPhillips Darwin LNG Project.

The exploration into a new LNG Project seems to be spurred by building resentment on the east coast about high gas prices which are being driven up by LNG exports from Queensland.

The study will cost $625,000 in total with $250,000 being fronted by the Northern Territory Government. The other $375,000 will be provided by companies which hold offshore gas fields, these include, Santos, Origin Energy, Shell and SK Corporation.

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