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Santos gets NSW government nod for $3.6b CSG project

The Berejiklian government has given its support for the proposed $3.6 billion Santos coal seam gasfield in northern NSW, saying it was critical for energy security and that it had limited environmental impacts.

In its assessment released on Friday, the Planning Department said its “comprehensive suite of strict conditions” would ensure the controversial project was “in the public interest and is approvable”.

The 850-well project would extend over 1000 hectares of the Pilliga State Forest and adjoining grazing land, and could produce up to 200 terajoules a day – or about half of NSW’s demand – for about 20 years.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.