Dart Energy Limited welcomes yesterday’s NSW Government announcement of its Strategic Regional Land Use Policy.
Dart Energy’s CEO Australia, Robbert de Weijer , said: “Whilst the announcement makes the approvals process in NSW the most rigorous in the country, we are pleased that we have a decision at last, clarity of process and a clear way forward for all stakeholders.”
The Government will now make offers of renewal on a number of Petroleum Exploration Licences (PELs) in NSW, including all of Dart Energy’s licenses. Today’s announcement will enable Dart to progress its well programme which is strongly focused on gas supply to the domestic market.
NSW imports 95% of the gas used by 1.5 million customers and faces the real prospect of an energy shortage and significantly higher gas prices with long term industrial and retail gas contracts expiring from 2015. The policy announced today will allow NSW to sustainably develop its own gas resources in coexistence with other land uses and with associated benefits to the State’s economy such as job creation and a lower environmental footprint.
[mappress] LNG World News Staff, September 12, 2012