Investment opportunities arise from major NT project

Recent months have seen unprecedented investment into infrastructure, education and services in the Northern Territory - a movement further propelled by major resource projects occurring throughout the state.

The latest initiative was confirmed today by Paul Henderson, who welcomed the agreement between Santos and ConocoPhillips to secure the participation of major Korean energy company SK E&S (SK) to progress the development of gas discoveries in the Timor Sea near Darwin.

The US$520 million project will bring an injection of funds to the local community which will likely inspire new home building, property development and commercial investment in the area.

"The Territory is well and truly on its way to becoming the gas capital of northern Australia and we have a very bright future," said Mr Henderson.

"Going after and securing new investment into the Territory is a key target under the Territory 2030 strategy as is our plan to establish Darwin as a key centre for oil and gas operations."

Resource activity in the state is also responsible for an abundance of employment opportunities and international interest.