November 23
Buried in an ASX investor update, Santos has quietly announced that a final investment decision (FID) on its Narrabri gas project won’t be taken now until at least 2025.
This is yet another blow to Santos’ dirty Narrabri Gas Project in the Pilliga Forest, and comes just a day after the Federal Government announced it would reconsider a 14 year old decision not to assess the project’s Hunter Gas Pipeline under Commonwealth environmental laws.
It also follows news that the NSW Government has axed a ‘special activation precinct’ in Narrabri which would have supported Santos’ project by creating artificial demand for the gas.
Lock the Gate Alliance National Coordinator Carmel Flint said, “Santos’ attempts to bury this major delay to Narrabri gas in an investor announcement proves what we’ve been saying all along: the Narrabri gas project does not stack up.
“Nobody wants this project. Farmers, families and the Gomeroi people have said no to Santos. It’s time for Santos to get out of North West NSW.
“While the world is trying to prevent dangerous climate change Santos has doubled down on expanding fossil fuels. This is more proof that Santos’ expansion plans do not make sense, Santos’ gamble isn’t paying off, it’s well past time to pack it up and go home Santos.”
ENDS
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