A $589 million Korean-backed project to import LNG through Newcastle could bring in gas that could be used in a power station to replace AGL Energy’s Liddell generator, according to NSW Acting Premier John Barilaro.
The Australian Financial Review is reporting NSW Planning Minister Rob Stokes will declare the proposed $589 million Newcastle GasDock a project of critical state significance providing it with a streamlined approvals process. The plant could supply up to 80 per cent of the state’s gas needs.
The project, which still has to go through a full environmental assessment, is the second proposed LNG import terminal for NSW, behind an Andrew Forrest-backed plant in Port Kembla, which already has development approval. It is effectively competing for customers against Santos’ controversial $3 billion Narrabri coal seam gas project in NSW’s central north, which is still seeking development approval from the state government.