
Plibersek quietly gives Santos green light to drill 116 new Queensland gas wells
Santos has quietly been granted federal environmental approval to drill 116 new coal seam gas wells in Queensland.
Santos has quietly been granted federal environmental approval to drill 116 new coal seam gas wells in Queensland.
Australian LNG revenue has halved since this time last year and fell by $1 billion in July alone, according to energy advisory firm EnergyQuest.
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Queensland’s gas industry will be controlled by a new royalty regime that will use a “super profits tax” that is more likely to hit LNG producers.
The push for domestic gas supply could mean that one or possibly two of the Curtis Island LNG trains could be shut down and Australia would have to deal with a supply shortage through imports, according to a leading energy analyst.