October 6, 2020 Read More →

NSW Independent Planning Commission gives green light to Narrabri

Infrastructure Magazine:

New South Wales’ Independent Planning Commission (IPC) has granted phased approval for the $3.6 billion Narrabri Gas Project under strict conditions. 

Santos sought development consent for up to 850 gas wells and associated infrastructure across the 95,000ha project area, encompassing the Pilliga State Forest and privately-owned farmland, south-west of Narrabri.

Santos expects the Narrabri Gas Project will create up to 1,300 construction and 200 operational jobs, while shoring up supply for the east coast domestic gas market. 

The Institute for Energy Economics and Financial Analysis (IEEFA), however, argued that Australian gas consumers were likely to see higher, rather than lower, gas prices if Santos’ Narrabri gas fields were approved, due to the distance the gas must travel to reach consumers on infrastructure that will need to be built.

Gas/LNG Financial Analyst, Bruce Robertson, said the proposed Narrabri gas fields were uneconomic in his submission to the IPC.

“Even the gas industry is saying they can’t deliver gas at the government’s desired $4 a gigajoule, which is the only way gas, and therefore electricity prices will drop,” Mr Robertson said. 

[Imogen Hartmann]

More: IPC has granted phased approval for the $3.6 billion Narrabri Gas Project under strict conditions

Posted in: IEEFA In the News

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