Fracking, or hydraulic fracture simulation, is a gas extraction process that has been utilised for several decades. Even though transporting natural gas that has been trapped under layers of rock, many people remain uncertain as to its safety, legality, and ethicalness.
The Origin Beetaloo Basin project is one that has encountered some scrutiny over the years, and was once banned by the Northern Territory government. However, that has since been lifted due to a combination of the company's diligence throughout project procedures, as well as an ongoing commitment to environmental improvements. Those changes include a 50% reduction on emissions by 2032 (Beetaloo Basin was the first Australian firm to join the agreement), active endeavours to protect sacred sites, and close relationships with Traditional Owners and Native Title holders. While the Australian government has committed itself towards increasing the presence of wind and solar energy, the fact remains that alternative energy supplies are needed to support the country's energy needs. Lifting the moratorium is a clear show of support for the Beetaloo Basin fracking operation while the company's connection to both local and national authorities cements its place as one of the most important fracking experts in Australia. Origin Energy has additionally worked in the Norther Territory for over 40 years, ensuring a degree of knowledge that produces optimal results while causing the least amount of repercussions for the area. In short, then, Beetaloo Basin's operation is one of the few fracking activities that is supported by the Australian government.
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Northern Territory may not have the economic coal reserves that other states have, but it is still a major provider of energy for Australia. When it comes to future energy security in Australia, NT is likely to play a growing part with the potential to become the country’s energy hub.
For one, it has rich supplies of gas. Australia is already the world’s largest gas exporter and the industry is likely to continue booming as new gas reserves are discovered. A lot of money has been poured into energy resource exploration in NT, which will help to find these new reserves. There are also many proposed projects to build new pipelines to help increase connections as reserves in other states dry up (2019 saw the opening of the 622-kilometer LNG pipeline from Tennant Creek in the territory to Mount Isa in Queensland). On top of providing gas, the Northern Territory has huge potential for providing sustainable energy. The state has already set the goal of achieving 50% renewables for electricity supply by 2030. The main source of this energy will be solar power – the state has invested huge amounts of money into the world’s largest solar farm, which when finished will be able to supply cities as far away as Singapore with electricity. Hydroelectricity has also recently been introduced to NT, helping to provide power to Darwin. Due to the Northern Territory’s climate, wind farms are not a viable option. |
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