{"id":2800,"date":"2025-12-11T21:42:03","date_gmt":"2025-12-11T21:42:03","guid":{"rendered":"https:\/\/microvibenews.com\/?p=2800"},"modified":"2025-12-11T21:42:03","modified_gmt":"2025-12-11T21:42:03","slug":"australia-news-live-gas-company-reaches-final-sign-off-for-beetaloo-fracking-project-mark-butler-to-meet-state-health-ministers-over-funding-standoff-australia-news","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=2800","title":{"rendered":"Australia news live: gas company reaches final sign-off for Beetaloo fracking project; Mark Butler to meet state health ministers over funding standoff | Australia news"},"content":{"rendered":"

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Beetaloo Energy reaches final sign-off for NT fracking project<\/h2>\n<\/header>\n

Beetaloo Energy, <\/strong>a gas company operating in the NT\u2019s Beetaloo basin, said it has reached a final investment decision (a developer\u2019s formal approval to proceed with a specific project) for its Carpentaria fracking project after the Northern Territory government recently signed an agreement to see gas flow from mid-next year.<\/p>\n

Earlier this week, the NT deputy chief minister, Gerard Maley<\/strong>, said the project would help \u201csave the territory\u201d and would \u201cliterally keep the lights on\u201d.<\/p>\n

In a letter to the ASX<\/a>, Beetaloo Energy, formerly known as Empire Energy<\/strong>, said the investment decision was a \u201clandmark moment\u201d for the company. <\/strong>The managing director, Alex Underwood<\/strong>, said:<\/p>\n

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<\/svg>This is a landmark moment for Beetaloo Energy, allowing the Company to commence gas sales from EP187 in 2026.<\/p>\n

This [final investment decision] follows the incredible efforts of the Beetaloo Energy team whose tireless work is bringing this project to life.<\/p>\n

We deeply appreciate the support of our shareholders, financiers, the NT Government, the Traditional Owners of the land on which we operate, and our many supporters across the Northern Territory. They all understand the critical importance of the Beetaloo Basin to drive energy security and economic prosperity for the NT, Australia and the broader region for decades to come.<\/p>\n<\/blockquote>\n

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\"Map<\/picture><\/div>
<\/svg><\/span>A map of the Beetaloo sub-basin, located 500km south-east of Darwin, Northern Territory.<\/span> Composite: Guardian graphic\/Department of Industry, Science and Resources<\/figcaption><\/figure>\n