New LNG Supply Base opens in Darwin

By Nick Syrimi

The rising strength of the Northern Territory's gas industry and overall economy was highlighted by the opening of a new $29million Prelude Darwin Onshore Supply Base, which will create a number of jobs and opportunities for the local region. 

As these benefits float into the local community, the possibility of buying commercial property in Darwin would be a great incentive. Chief minister Adam Giles said the piece of infrastructure was an important part of the region's future growth. 

"The joint venture is delighted Darwin will play an important role in delivering the exciting Prelude project which will bring national benefits of around $12billion in taxation revenues, $45billion in GDP, create 350 direct and 650 indirect jobs and improve Australia's balance of trade by more than $18billion through LNG, LPG and condensate exports," said Mr Giles in a 30 October statement. 

Stretching over 6,500 square metres, the facility is a huge investment in the future of the Northern Territory as a natural resource provider. The projected growth of the region could be encouraging for potential investors looking to secure a piece of the rapidly strengthening Darwin economy. 

Up to Date

Latest News