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Speaker 1: You are listening to Mix ONEOW four point nine's three

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Speaker 1: sixty now. Earlier this morning we learned that Santos has

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Speaker 1: approved it's four point seven billion dollar Barossa gas project

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Speaker 1: in the Northern Territory. And joining me in the studio

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Speaker 1: to talk more about this is the Minister for Northern Australia,

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Speaker 1: Keith Peet.

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Speaker 2: Good morning, oh goodbonding to you and good one in

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Speaker 2: your listeners.

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Speaker 1: Keith, great to have you in the studio. Firstly, can

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Speaker 1: you talk us through this announcement.

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Speaker 3: Well, it's great to be back in the North and

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Speaker 3: face to face Katie, I've got to tell you, yeah,

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Speaker 3: but how good is the North? How good is darw

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Speaker 3: and how good is this announcement? So Santos an Australian

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Speaker 3: company delivering Australian gas.

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Speaker 2: For the benefit of all Australians.

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Speaker 3: This is a significant announcement three point six billion dollars

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Speaker 3: US around the Barossa. So what this will mean will

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Speaker 3: mean an extension for life four dar on llen g.

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Speaker 3: It will mean some six hundred plus construction jobs and

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Speaker 3: then three hundred and fifty in the long term. That's

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Speaker 3: great news for the North, but it's also a big

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Speaker 3: boost in confidence for the resources sector and you've only

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Speaker 3: to look at the numbers yesterday. So the Office of

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Speaker 3: the Chief Economist has put out a forecast indicating Australias

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Speaker 3: resources sector should break all records this year two hundred

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Speaker 3: ninety six billion dollars in exports.

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Speaker 1: Now, sort of talk us through because for some people

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Speaker 1: listening right now, they might be thinking, oh goodness, what

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Speaker 1: does this really mean for the Northern territory. You know,

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Speaker 1: we've seen big gas projects like Impex, We know that,

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Speaker 1: you know that Santos has been operating in the territory

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Speaker 1: for some time. So what does it mean in terms of,

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Speaker 1: you know, for the Northern Territory's economy and really kickstarting

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Speaker 1: things or getting things moving.

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Speaker 3: Well, this is the biggest project announcement for ten years,

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Speaker 3: Ikeotha's been the last. What it means is jobs. It

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Speaker 3: means very strong support for your regional economy and it

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Speaker 3: means those really well paid technical.

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Speaker 2: Jobs across the board.

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Speaker 3: Now, whether that's specialist worlders, fabricators are workers who are

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Speaker 3: out there. They tell me that there's a ship just

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Speaker 3: offshore which has come out to start work already. I

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Speaker 3: spoke to Kevin Gallagher for a long period of time

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Speaker 3: yesterday and he's keen to get this project going as

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Speaker 3: soon as possible. He's given commitments at the press conference

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Speaker 3: today that those jobs are in Darwin and I think

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Speaker 3: that's very, very positive.

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Speaker 1: That was going to be my next question. Are we

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Speaker 1: talking here about Aussie jobs and indeed Darwin or Northern

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Speaker 1: Territory jobs. By the sounds of it, it is.

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Speaker 3: Look absolutely, I mean clearly there'll be some prefab and

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Speaker 3: things that occur in a number of places, but he's

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Speaker 3: given a commitment to put as many as he can

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Speaker 3: into Darwin. That's great news for the North. But in

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Speaker 3: terms of the resources sector, what a magnificent result. Two

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Speaker 3: hundred and ninety six billion dollars in a COVID year

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Speaker 3: worldwide pandemic, Australia has done incredibly well.

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Speaker 1: Now you said six hundred plus jobs, I believe is

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Speaker 1: that during the construction or is that sort of ongoing?

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Speaker 3: So that's during the construction piece, we expect three hundred

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Speaker 3: and fifty ongoing. Once again, it's confidence in industry. It's

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Speaker 3: part of our government's gas fired recovery and we're out

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Speaker 3: there pushing hard and on pushing every door I can find.

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Speaker 2: Katie and the industry's doing great.

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Speaker 1: Yeah, and I think you know, for such a long

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Speaker 1: time now in the territory, we've been you know, we've

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Speaker 1: been wanting to diversify the economy. I know that this

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Speaker 1: is still gas. It's something that we've been looking to

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Speaker 1: for quite some time and been doing in the territory

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Speaker 1: well for quite some time. But I do understand that

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Speaker 1: a decision on Barossa was delayed just over a year ago.

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Speaker 1: That was after Santos obviously slashed some of that spending,

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Speaker 1: and it was due to the plunge in oil prices.

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Speaker 1: So this is big news for US and big news

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Speaker 1: for Australia I guess as well, isn't ah.

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Speaker 3: Well, if you remember, there was one period where the

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Speaker 3: world or the price went negative, there was no storage.

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Speaker 3: So the fact that we've come through this so strongly, well,

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Speaker 3: that's thanks to the hard working men and women in

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Speaker 3: the resources sector.

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Speaker 2: It is their win.

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Speaker 1: I know there'll be some people listening who will be saying,

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Speaker 1: you know, are we wanting to go down the gas route?

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Speaker 1: Should we be still looking towards renewables. But at the

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Speaker 1: end of the day, we still need gas, don't.

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Speaker 2: We Absolutely well, we need stuff that works. It's that easy.

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Speaker 3: This is a transition fuel, but it's one which is

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Speaker 3: in demand and demand is continue to increase even through

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Speaker 3: the pandemic, and Australia has got a lot of resource

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Speaker 3: and we need to absolutely max is that benefit for

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Speaker 3: the Australian people.

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Speaker 1: Now, when you talk about the on flow then I

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Speaker 1: guess for the Northern Territory and for Darwin. It's not

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Speaker 1: just about the gas side of things. But we've been

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Speaker 1: speaking for a long time about things like petrochemical facilities

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Speaker 1: and a petrochemical hub. Does this sort of take us

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Speaker 1: a step closer and how do we sort of get

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Speaker 1: those blocks moving to make that kind of thing happen.

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Speaker 3: Well, look, I think there's a real opportunity in the

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Speaker 3: medium term around a refinery and that's just my view,

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Speaker 3: it's government Policykatia, I got to tell you. But given

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Speaker 3: that this is potentially fifty million barrels plus, we know

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Speaker 3: that there's been a significant shortfall in Australian all production

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Speaker 3: now for a number of years, particularly with the reduction

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Speaker 3: in the Bass Strait. We've got an announcement of a

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Speaker 3: closure of refinery in Victoria. We're better than the North

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Speaker 3: where you're close to the resource. We're trying to bring

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Speaker 3: the below on as well, which we expect will be

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Speaker 3: wet gas, so it should we condensate out of there.

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Speaker 3: It makes sense and certainly I know Kevin said. Kevin

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Speaker 3: Gallagher from Santos said in the press conference this morning.

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Speaker 3: You know, if you want cheap MOVI your facilities to

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Speaker 3: where the gas is. So I think that's pretty wise advice.

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Speaker 1: And do you think, I mean, realistically, do you think

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Speaker 1: that this is the beginning of something for the territory

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Speaker 1: in terms of, you know, maybe seeing those further sort

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Speaker 1: of onflow industries move here.

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Speaker 3: Well, it's been our government's focus for some time through

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Speaker 3: the Northern Australia Agenda. I've got a refresh package which

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Speaker 3: we're looking to put forward in the next couple of

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Speaker 3: months and it works. This is the bottom line. I've

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Speaker 3: got the NAFE with some changes coming through the House

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Speaker 3: of Representatives and hopefully into the Senate in the next

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Speaker 3: round of sittings, which will allow the NAFE to be

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Speaker 3: even more flexible and have a higher risk profile in

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Speaker 3: terms of what it invests in and also whole equity position,

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Speaker 3: so all of those things. You know, it's one piece

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Speaker 3: at a time. We put the jigsaw together, but it's

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Speaker 3: working right. This is a significant announcement, yeah, and I.

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Speaker 1: Guess it can't come soon enough for the territory. We

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Speaker 1: know that we've been doing it tough. I guess all

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Speaker 1: of Australia has been doing it tough due to COVID,

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Speaker 1: but here in the territory we've been doing it tough

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Speaker 1: really for some time. Obviously the Northern Territory government's been

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Speaker 1: talking about that diversification. All understand that, but it does

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Speaker 1: seem now like things are finally starting to get moving.

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Speaker 3: It is that. I've got to tell You've got some

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Speaker 3: pretty strong representatives up here. Sam McMahon keep beating apart

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Speaker 3: to my door, particularly around the potential for more connecting

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Speaker 3: pipelines in this project, refineries and storage, and with all

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Speaker 3: of those then comes the off takes, whether that's in

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Speaker 3: plastics manufacturing or otherwise. So the big cornerstone projects is

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Speaker 3: what drags in those other employers. And I think there's

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Speaker 3: an absolutely fantastic future for the North.

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Speaker 1: And you spoke before about the Knafe just briefly, any

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Speaker 1: sort of updates in that space, any projects in the pipeline,

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Speaker 1: I think there's always a bit of discussion that there

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Speaker 1: will be, but anything we can look forward to.

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Speaker 3: Oh, I'd love to give you an exclusive, but they're

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Speaker 3: not quite there yet.

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Speaker 2: So there is.

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Speaker 3: A number of projects coming through and being assessed and

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Speaker 3: my hope is that I have to go back to

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Speaker 3: the Prime Minister and ask for more money.

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Speaker 1: Yeah, well, Keith, we know you are a Queensland man. Obviously.

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Speaker 1: The COVID lockdown underway three days. I guess for those

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Speaker 1: Brisbane residents and some in the other areas sort of

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Speaker 1: surrounding all the way to to Woomba hasn't impacted you though.

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Speaker 2: Well I did. Look, it's been a year, Katie.

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Speaker 3: I think we have to get to the point where

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Speaker 3: we can manage New South Wales has done this the

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Speaker 3: whole way, no border closes, They've managed those outbreaks. I

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Speaker 3: think the other states and territories need to get on

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Speaker 3: board for me personally. Yeah, no, I transited through the

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Speaker 3: Brisbane airport, but that was all came through your quarantine

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Speaker 3: clearance process last night, so all good thumbs up.

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Speaker 1: Yeah, but no Chief Minister this morning at your announcement obviously.

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Speaker 3: Well, I think I believe he sees self isolating, but

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Speaker 3: he missed a great announcement and he certainly missed the

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Speaker 3: opportunity to get in and talk to some people in

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Speaker 3: that local factory doing production. And it was good to see.

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Speaker 1: Well Keith Pearch, the Minister for Resources, Water and Northern Australia.

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Speaker 1: Great have you in the studio this morning and really

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Speaker 1: appreciate your time.

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Speaker 2: Great with you. Great to be in the north.

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Speaker 1: Thank you. You are listening to Mix one O four

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Speaker 1: point nine's three sixty