Australia banks on Beetaloo for gas-led recovery
Canberra is providing exploration grants for Northern Territory shale play with the potential to rival the US Marcellus
The Australian government has highlighted the importance of the Beetaloo sub-basin to its “gas-led recovery” agenda with the announcement of A$50mn (US$38mn) worth of new exploration grants. The government will cover 25pc of eligible exploration costs in the Northern Territory shale play, capped at A$7.5mn per well and three wells per exploration venture. However, in a bid to fast-track drilling, the grants will be awarded only until 30 June 2022. Canberra has picked the Beetaloo as the first of five basins to support in a bid to unlock a resource potential that is frequently likened to that of the US’ prolific Marcellus shale. Federal minister for resources, water and Northern Australia Kei
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
