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#AceBusinessDesk – The Northern Territory government will allow a full-scale onshore gas industry to go ahead in the gas-rich Beetaloo Basin, five years after a moratorium on fracking was lifted.

The government has been racing to tick off 135 recommendations from the 2018 Pepper inquiry, which found industry risks could be managed if its recommendations were implemented in full.

The government announced today that has been done, and oil and gas companies will be able to make an application for onshore gas production projects, which will be regulated by one of the most robust frameworks in Australia.

It also said it has a new petroleum operations unit to deliver a strong compliance program, which will be funded by a $2 million annual investment.

It comes after the NT government released the findings of a critical, three-year study into fracking in the Beetaloo sub-basin on April 19.

The Strategic Regional Environmental and Baseline Assessment (SREBA), which was a key recommendation from the Pepper inquiry, found no new risks associated with the development of an onshore gas industry.

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