Santos plans CSG investment in NSW

Australia’s Santos plans to spend nearly $16 billion on coal-seam gas development in New South Wales, the company said Monday.

Santos plans to explore coal-seam gas reserves in the northwest part of the state and the company expects the development may transform New South Wales into a gas-exporting state.

“NSW can have a safe and sustainable coal seam gas industry that co-exists with agriculture and delivers real economic benefits to the wider community.”, Santos’ Vice President Eastern Australia, James Baulderstone, said.

Santos is also building a $16 billion development in Australia’s northern Queensland state to liquefy gas from coal deposits for export to Asia.