Santos’ $3.6 billion Narrabri gas development will go ahead after a tribunal ruled the project’s importance to the nation’s energy reliability outweighed potential environmental and cultural heritage concerns.
The ruling by the Native Title Tribunal ends Santos’ decade-long fight to drill up to 850 wells and extract coal-seam gas in north-western New South Wales, which is also an important agricultural area for the state.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.