LNG

Nov 24 (LNGJ) - Australian LNG plant operator Santos said it welcomed the approval by the Federal Environment Ministry of the Narrabri Gas Project in New South Wales and will now embark on a 12-18 month appraisal program ahead of a final investment decision. Adelaide-based Santos operates the Gladstone LNG plant in Queensland and has a stake in Darwin LNG and the export facility in Papua New Guinea. The Narrabri project is for coal seam gas development with around 850 wells planned.

   Santos Chief Executive Kevin Gallagher said the conditions on the Narrabri Gas Project approval were consistent with those already set by the New South Wales Independent Planning Commission and generally in line with those for the company's Gladstone LNG operations, where Santos operates safely and efficiently, while protecting water resources and the environment. “Santos is excited about the prospect of developing the Narrabri Gas, a 100 percent domestic gas project that will deliver the lowest-cost source of gas for NSW customers,” added the CEO.