Rinehart-backed joint venture pledges $1bn gas expansion but hurdles remain

Australia News News

Rinehart-backed joint venture pledges $1bn gas expansion but hurdles remain
Australia Latest News,Australia Headlines
  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 98%

Senex Energy says extra fuel will be for domestic use but plans are yet to secure state or federal environmental approvals

A gas company co-owned by Gina Rinehart has plans to increase its annual gas output by 40PJ which is said would be diverted to Australian customers.A gas company co-owned by Gina Rinehart has plans to increase its annual gas output by 40PJ which is said would be diverted to Australian customers.

If it proceeds, the investment would triple Senex’s annual output of about 20PJ of gas in 2021 to 60PJ, a spokesperson said. Senex’s current output is split roughly evenly between export and domestic, but “the vast majority of the additional production will be diverted” to local customers, they said.The company, which was taken over last December and delisted from the ASX in April, said the recent energy crisis in eastern Australia highlighted the need for more supply.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

GuardianAus /  🏆 1. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

It’s time to tax mining and energy giants properly. Struggling Australians should share in their record profits | Richard DennissIt’s time to tax mining and energy giants properly. Struggling Australians should share in their record profits | Richard DennissThe fact that an energy exporter like Australia is having a tough time when the prices of our energy exports are sky high shows just how broken our political debate has become.
Read more »

Labor must amend trade agreements that allow foreign companies to sue the government over energy and climate policies | Patricia RanaldLabor must amend trade agreements that allow foreign companies to sue the government over energy and climate policies | Patricia RanaldForeign companies should not be able to sue the government for taking action on climate change
Read more »

Electric age metals are Australia’s green mining futureElectric age metals are Australia’s green mining futureOPINION: One of the biggest barriers to the clean energy future is the anti-mining sentiment which hits even the future metals on which the green transition depends.
Read more »

Santos takes 'important step' in getting Narrabri Gas Project off the groundSantos takes 'important step' in getting Narrabri Gas Project off the groundThe energy giant has taken ownership of a company with approval for a pipeline which Santos needs to get its gas from Narrabri into the domestic market.
Read more »

Canberra paying to connect Queensland wind farms to grid in bid to lower power pricesCanberra paying to connect Queensland wind farms to grid in bid to lower power pricesFederal Climate Change Minister Chris Bowen says the deal will increase renewable supplies to the east coast and put 'downward pressure' on energy prices.
Read more »

Commercial fishers to expect compensation if excluded from new offshore wind farm zonesCommercial fishers to expect compensation if excluded from new offshore wind farm zonesTrawl fishers say they will push for compensation if they are excluded from waters in the federal government's new offshore wind energy zones.
Read more »



Render Time: 2025-04-13 16:32:44