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Northbridge Industrial Services Plc

Santos hopes for Narrabri gas verdict ‘no later than August’

Energy giant Santos expects a ruling on its long-delayed Narrabri coal-seam gas project by the end of August after the introduction of new rules allowing public hearings to be held online during the coronavirus crisis.

Santos has been waiting years to be given the go-ahead to develop the Narrabri gas fields in north-west New South Wales, believed to be capable of supplying half the state’s gas needs. Its plan has been mired in red tape amid thousands of objections surrounding potential impacts to waterways and farmland, which are now being reviewed.

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.