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Submission to the Kurri Kurri Lateral Pipeline project – Environmental Impact Statement

May 01, 2022
Bruce Robertson
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Key Findings

The Kurri Kurri Gas Lateral Pipeline project should be rejected.

Snowy Hydro maintained that the Kurri Kurri gas power project would cost $600m with a further $100m for the gas lateral. The budget has blown out by $164m to $600m for the power plant and $264m for the gas lateral and storage system.

The Kurri Kurri Gas power project is not “hydrogen ready” for even the smallest percentages of hydrogen blends as the gas storage system proposed in the Kurri Kurri Lateral pipeline Environmental Impact Statement is not hydrogen compatible.

The Kurri Kurri Lateral Pipeline project – Environmental Impact Statement points to a vastly different project to the Kurri Kurri Gas Power project that was approved by the Independent Planning Commission.

The Kurri Kurri Gas Lateral Pipeline project should be rejected.

Snowy Hydro maintained that the Kurri Kurri gas power project would cost $600m with a further $100m for the gas lateral. The budget has blown out by $164m to $600m for the power plant and $264m for the gas lateral and storage system. Snowy Hydro will lease the gas lateral and storage system off APA. The $264m cost for the gas lateral understates the true cost to Snowy Hydro as it is before financing costs and a profit margin for APA, the owner of the asset.

The Kurri Kurri Gas power project is not “hydrogen ready” for even the smallest percentages of hydrogen blends as the gas storage system proposed in the Kurri Kurri Lateral pipeline EIS is not hydrogen compatible.

The Kurri Kurri Gas Lateral Pipeline project should be rejected.

Bruce Robertson

Bruce Robertson has been an investment analyst, fund manager and professional investor for over 36 years. He has worked with Perpetual Trustees, UBS, Nippon Life Insurance and BT. He has appeared as an expert witness before a number of government enquiries into energy issues.

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