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Beetaloo Energy gained federal approval to sell gas from its NT project, paving the way for commercial shale production by 2026.
Beetaloo Energy has received federal approval to sell appraisal gas from its Northern Territory project, a key step toward commercial shale gas production by 2026.
The green light, granted under the State Aboriginal Land Rights Act, follows Indigenous consent from Traditional Owners and the Northern Land Council.
The company now awaits final approval from the NT government to begin long-term sales and drilling, which would unlock a $30 million Macquarie Bank credit facility for infrastructure upgrades.
The Beetaloo Sub-basin holds an estimated 1.6 trillion cubic feet of recoverable gas, with potential reserves exceeding 200 trillion cubic feet.
A long-term offtake agreement with the NT government ensures at least 25 terajoules of gas daily, helping offset declining offshore supplies.
Over 90% of the territory’s electricity comes from gas, so the project could lower energy costs and boost local royalties.
Drilling and flow testing are ongoing at the Carpentaria-5H well, with extensive hydraulic fracturing underway.
Beetaloo Energy obtuvo la aprobación federal para vender gas de su proyecto NT, allanando el camino para la producción comercial de shale para 2026.