Federal Resources Minister Matt Canavan says a blanket ban on fracking would amount to "an act of economic self-harm" for the Northern Territory as the onshore gas industry fears for its survival after Labor's landslide win in Saturday's election.

One of the key points of difference in economic and industry policy between CLP and Labor has been Labor's pledge to slap a moratorium on hydraulic fracturing, a controversial technology crucial for the extraction of unconventional gas, to carry out another review of the science, engage in more community consultation and strengthen regulation.