IT is the largest untapped gas play on the planet - the onshore Beetaloo and broader McArthur basins.
Two companies - Armour Energy and Tamboran Resources - hold vast acreage positions which once developed could solve an impending energy crisis in Australia.
It comes as the world grapples with the challenge of the energy transition, which can only be accomplished with gas.
Furthermore, as the world recovers from the COVID-19 pandemic, gas will play a vital role in providing energy security across Australia. The Top End is well positioned to take advantage of soaring demand in decades to come.
Tamboran, founded in 2009, was a first mover in the onshore region and farmed out a stake in its project to Santos. The ASX-listed company is currently working with Sanots to de-risk its premium acreage footprint, with a view to supply natural gas to LNG hubs for export and pipe gas to the east coast domestic market.
Armour Energy is also listed on the local bourse and is already a gas producer. It is working to spin off its acreage into a new company called McArthur Oil & Gas.
In this special edition feature discussion for the annual Northern Territory Resources Week and SEAAOC, Energy News senior journalist Paul Hunt is joined by Tamboran CEO Joel Riddle, Armour Energy/McArthur Oil & Gas chief Brad Lingo, and the head of the NT Gas Taskforce Alister Trier, to discuss the opportunities and challenges that lie ahead.