The Federal Government has announced it has given environmental approval for the construction of the Bonaparte Floating Liquefied Natural Gas Project in the Northern Territory.


The project, a joint venture between Santos and Suez Bonaparte, will be subject to 15 strict conditions announced by Federal Minister for the Environment Tony Burke.


"My approval follows a rigorous assessment process under national environment law including the opportunity for public comment," Mr Burke said.


"I have set 15 strict conditions to manage the potential impacts to migratory and threatened species, and the marine environment.


"A number of management plans will need to be implemented throughout the development phases and submitted for my approval.


The project marks the second floating liquefied natural gas site to be constructed in Australia.


The approval decision is available at