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Why Santos isn’t celebrating the Narrabri gas approval – The Australian Financial Review
The go-ahead presents a dilemma for the board, and the decision to invest $3.6 billion will have to factor in the uncertain impact of government intervention.
Separate to the government intervention, the Santos board will have to factor in the impact of the Port Kembla gas import terminal (up to 100 petajoules per annum) and the Port of Newcastle gas import terminal (about 110 PJ per annum).
The Port Kembla gas terminal could deliver substantial quantities of natural gas as early as 2022 possibly more than 75 per cent of NSW’s gas needs. It has planning consent, the major engineering work is complete, the owners are in discussions with customers and …
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