Billion-dollar gas deal supply hinges on Narrabri project approval

A significant boost to NSW’s gas supply is being touted as a central plank of achieving a lower emissions economy.

SBS is reporting Prime Minister Scott Morrison and NSW premier Gladys Berejiklian have inked a $2 billion deal to add another 70 petajoules of gas per year into the national electricity grid. The deal involves jointly underwriting interconnectors between the Snowy area and Sydney, along with a link between Queensland and NSW.

Ms Berejiklian said the gas supply hinges on final approvals for Santos’ Narrabri gas project, but options in Port Kembla and Newcastle are also up the government’s sleeve.

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