The gas industry has its eyes set on developing the Northern Territory's Beetaloo Basin, to secure Australia's electricity supply. Some analysts doubt the economics stack up.
"The way to tackle energy needs today to is have a secure supply [and] the Beetaloo Basin can offer that secure supply," Cassandra Schmidt from the Australian Petroleum Production and Exploration Association said.
Tamboran Resources is drilling water bores in preparation for another test well on Tanumbirini Station. Grattan Institute energy analyst Alison Reeve said increasing pressure to decarbonise, and the costs of that, means a business case for the Beetaloo isn't likely to stack up without big government subsidies."It is not going to be a growth industry between now and 2050, so you would be putting subsidies into what is effectively going to become a stranded asset.
Pierre Langenhoven's Rallen Australia cattle operation on the massive Tanumbirini station, about an 800 kilometre drive from Darwin, is the unwilling host to fracking exploration wells owned by Santos, Tamboran Resources subsidiary, Sweetpea, and Origin Energy.Tanumbirini Station owner Pierre Langenhoven and manager Andrew Stubbs fear if exploration by three gas companies moves to production, their cattle operation will be damaged.
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