SOURCE: Industrial Info Resources

Industrial Info Resources

September 19, 2013 06:15 ET

Australia's Northern Territory Wants to Be National LNG Hub, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwired - Sep 19, 2013) - Researched by Industrial Info Resources Australia (Perth, Australia) -- Oil & gas companies are looking to tap into Australia's Northern Territory, which has significant energy resources, including onshore natural gas in the Amadeus Basin at Palm Valley and Mereenie, and world-class offshore reserves in the Bonaparte Basin at Bayu-Undan, Greater Sunrise, Caldita, Evans Shoal, Blacktip and Petrel Tern. Many of these reserves are in leases held by Santos Limited (Adelaide, Australia), which says that it has gas available for the Northern Territory that it cannot sell due to low demand.
Other companies featured: Rio Tinto Limited (NYSE:RIO), Total S.A. (NYSE:TOT)

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