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Huge benefits of Narrabri Gas Project a step closer

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An important new major gas project offering jobs, a huge economic boost and increased energy supply to New South Wales is a step closer following the state’s Independent Planning Commission today approving the Narrabri Gas Project.

The Santos project will directly benefit the Narrabri community and surrounding region with the creation of up to 1,300 jobs during construction and 200 highly-skilled, well-paying and secure local jobs during operations.

It will also deliver around $1.2 billion in state royalties and unlock new natural gas reserves delivering cheaper and more reliable energy into NSW households and businesses.

“The Narrabri Gas Project will bring important jobs and much-needed economic benefits at a critical time during the COVID-19 recovery phase,” Steve Knott, Chief Executive of Australian Resources and Energy Group AREEA, said.

“Santos has undertaken a comprehensive approval process to ensure the project can be developed safely and sustainably, while working closely with Indigenous communities to ensure protection of cultural heritage and sharing of the project’s benefits.

“Not only does Santos have a strong track record in safe, sustainable and successful natural gas development, it also has a well-earned reputation for ensuring the communities in which they operate thrive as a result of jobs and community investment.

“Narrabri is also a 100 per cent domestic gas project, delivering energy security and affordability at a time when it is most needed.”

AREEA congratulates Santos on its tireless work to gain support for the project and becoming an integral part of the region’s community, including the establishment of a Community Benefit Fund of up to $120 million to benefit local community groups.

While this approval is a major step, AREEA looks forward to the final tick of approval on the project from the Federal Minister for the Environment under the EPBC Act as well as other subsequent approvals.

MEDIA CONTACT: Brad Thompson, 0409 781 580

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