The Australian government is looking to accelerate gas exploration and development in the Northern Territory’s onshore Beetaloo basin.

Australian Resources Minister Keith Pitt revealed Thursday the federal government would provide up to A$50 million (US$37.9 million) for exploration that occurs before 30 June 2022.

Sign up for our new energy transition newsletter

Gain valuable insight into the global oil and gas industry's energy transition from Accelerate, the new weekly newsletter from Upstream and Recharge.