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Northern Territory Government OVERVIEW OF NT PROJECTS ON HORIZON Presented to: Indigenous Economic Development Forum Friday 14 October 2011 NT Economy Economic Growth Per cent 14.0 12.0 10.0 NT GSP growth rate 8.0 Australia GDP growth rate 6.0 4.0 2.0 0.0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Year ended June Gas Resources in Our Region Why Darwin as a Centre for Gas Industry? • • • • • • • • • • Gas resources in the Region Complements NT Economy Prime Location Industrial Land Natural Deep water Harbour Modern Infrastructure Industry Capability Capital City Services and Amenity Defined Approvals Process Supportive Government Ichthys Project Outline • Offshore, Subsea and Onshore • Cost – more than US$25billion • Production 8.4 million tonnes of LNG per annum 1.6 million tonnes of LPG per annum 100,000 barrels of condensate a day • Lifetime 40 years • Contribution to economy Australia NT Middle Arm Peninsula Industrial Estate Marine Supply Base Darwin Marine Supply Base - Concept 8 Supply and Service Opportunities • Supply and Service Capability • Experience supplying offshore exploration, and development Experience supporting onshore and remote resource developments Servicing operating energy and mineral operations Experience supplying to Darwin LNG, Bayu_Undan, FPSO’s, Alcan G3 Local fabrication capability Opportunities Niche export trade Strengthen local supply Mining and Mineral Resources New Developments • Wonarah (Phosphate) • Arafura Resources (Rare Earths, Phosphate and Uranium) • Roper Province Iron Ore New Bulk Mineral Exports via Darwin DARWIN GOVE FRANCES CREEK BOOTU CREEK Bootu Creek • Territory Iron • Oz Minerals (SA) • Defence Support • 10% ADF combat personnel • Over 9,000 Defence personnel and families • Over 2,000 DHAmanaged properties • Over $1.0 Billion recurrent pa • Approx $0.3 Billion capital pa • Military Exercises – Pitch Black $10 Million Future investment opportunities Defence Support Hub East Arm Port Northern Territory Defence Support Hub Darwin City Darwin International Airport Berrimah Freight Terminal Stuart Highway Robertson Barracks 53 Hectare Industry Park including a Defence Support Hub Pastoral • NT Supports 1.8 million cattle - 6.4% of total Australian herd. • Pastoral sector worth in excess of $250M. • Almost 300,000 cattle exported through Port of Darwin in 2008. • Producers turn off 538,000 head a year from 620,000 square kilometres of 1st class grazing land. Niche Markets Summary Darwin’s competitive advantages • Australia’s gateway to Asia – spatial economic location • Strategically located to world class oil and gas reserves • Significant mineral resources (gold, uranium, Alumina, iron ore and manganese, phosphate, rare earths, lead zinc, copper silver) • Industrial land availability (Land Development Corporation) • Modern city infrastructure and services: Deep water sea port with phased expansion potential High quality road and rail networks International airport • Successful records in delivering major projects • Dedicated trade & investment facilitation teams within NTG FOR FURTHER INFORMATION CONTACT: Department of the Chief Minister • Major Projects, Asian Relations & Trade Division • +61 8 8946 9555 • [email protected] •