A new economic assessment of the impact hydraulic fracking would have on the Northern Territory shows the financial benefit does not warrant a lifting of the current moratorium, a Canberra-based think tank says.
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| Jemena is currently constructing the Northern Gas Pipeline that will link Tennant Creek with Mount Isa in north-west Queensland. |
A report released by economic consulting firm ACIL Allen late on Friday evening looked at what effect allowing fracking in the NT would have on employment numbers and revenue — for both the Government and private companies.
Research Director at the Australia Institute think tank, Rod Campbell, said the assessment showed even in the best-case scenario the economic development for the NT was not outstanding.
"It points out... that an unconventional gas industry in the Northern Territory is very uncertain and likely to be quite small," he said.
Read the ABC News story by Georgia Hitch - “NT fracking inquiry: Economic benefit uncertain, Australia Institute think tank warns.”
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