Santos places Narrabri gas back in frame

Original article by Matt Chambers
The Australian – Page: 17 & 20 : 10-Nov-17

Santos has advised that the Narrabri coal-seam gas project is among three growth options for the listed oil and gas producer. The $A3.6bn project had been declared a non-core asset in 2016, but Santos has advised that it is now one of six core assets. MD Kevin Gallagher says the Narrabri project has become viable given concerns about domestic gas supply and prices, although he adds that it may take until late 2018 or early 2019 to secure environmental approval from the New South Wales government. Santos is also considering an expansion of the Papua New Guinea LNG plant and development of the Caldita-Barossa field in the Timor Sea.

CORPORATES
SANTOS LIMITED – ASX STO, EASTERN STAR GAS LIMITED, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, RBC CAPITAL MARKETS, CONOCOPHILLIPS, EXXONMOBIL CORPORATION, OIL SEARCH LIMITED – ASX OSH

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