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Newcastle Herald

Beetaloo 'massive sinkhole' for taxpayers, investors

Beetaloo Tamboran

Beetaloo's shale gas is unlikely to be competitive as cheaper LNG comes online, research shows. (Jono Searle/AAP PHOTOS)

The Northern Territory could be hanging its hopes for future prosperity on 500 trillion cubic feet of "uncompetitive" gas in the Beetaloo Basin.

Research released on Friday by the independent Institute for Energy Economics and Financial Analysis warns that shale gas from the area 500km southeast of Darwin could lose out to large quantities of cheaper LNG due to come online.

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