Santos announces $900m investment in new gas developments
March 7th, 2018
Santos and its GLNG partners will invest $900 million in gas developments in Maranoa, Western Downs, Central Highlands, and Banana this year.
Mines Minister Anthony Lynham said the investment will generate about 400 Queensland construction jobs and boost the state’s gas production to 70% of the east coast supply.
“This development will offer jobs, as well as significant local business opportunities, with 430 wells to be drilled, 420 km of pipelines to be installed and 670 km of power lines to support the new gas infrastructure,” the Minister said.
“We welcome this sign of confidence by Santos in Queensland as an investment destination. Queensland continues to be Australia’s gas powerhouse, producing 70% of the total east coast gas supply.”
Santos’ Executive Vice President Onshore Upstream Brett Woods, said the company was delighted to be in a position to support jobs and investment in regional Queensland.
“The Roma East Project is part of a $900 million capital investment that Santos and our GLNG partners will make in upstream developments in the Maranoa, Western Downs, Central Highlands and Banana regions this year alone,” Mr Woods said. Read more…