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‘Rejected’: Critics unload on proposed Santos gas project – Sydney Morning Herald
The plan, under which the energy company would drill 850 wellheads in the Pilliga region near Narrabri, is among the most contentious proposals in NSW history.
But Mr Robertson said there were tankers full of LNG in the Pacific and Atlantic oceans unable to offload cargo and a spate of bankruptcies in the industry in the United States.
Theres a massive global glut in gas supply that will extend out into late this decade. The very last thing the world needs is more gas, he said.
Despite the glut, prices have remained high on the east coast because of cartel-like behaviour by Santos and other industry players and because the local industry had failed t…
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