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Appea asks NT to lift fracking moratorium

Creamer Media Senior Deputy Editor: Australasia
The Australian Petroleum Production and Exploration Association (Appea) has again called on the Northern Territory government to lift a moratorium on hydraulic fracturing (fracking), after an independent economic analysis found that shale gas development in the territory could deliver a number of new jobs and increase government revenue. The report by ACIL Allen Consulting Services, which was commissioned by the Scientific Inquiry into Hydraulic Fracturing of Onshore Unconventional Reservoirs in the Northern Territory, found that shale gas development could create more than 500 new jobs sustained over 25 years, boost the Northern Territory’s economy by A$5.8-billion and generate up to A$3.7-billion in taxes and royalties for the territory over the same period.

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