New South Wales (NSW) Premier Mike Baird and Northern Territory (NT) Chief Minister Adam Giles signed a Memorandum of Understanding (MOU) to work closely on the development of a pipeline connecting the northern and eastern gas markets in Australia.
Baird said: “The NSW Government recognises the benefits a gas pipeline connecting the Northern Territory and eastern seaboard would have for consumers in NSW. We are actively exploring all possibilities to increase gas supply to our domestic consumers and this MOU is an important step in offering NSW Government support to the process now underway.
Giles said: “A gas pipeline between Central Australia and the East Coast is both a win for the Territory economy and a win for states such as NSW that urgently need to secure an affordable new energy supply. Momentum for this nation-building project has been growing since the recent COAG meeting where leaders voiced unanimous support for the pipeline. It is fantastic to now also have a specific MOU with NSW agreeing to work together on this project. The Territory Government understands that time is of the essence and we are doing everything we can to get this project off the ground as quickly as possible.â?