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Chamber welcomes gas terminal announcement

Release Date: 14/08/2019
Hunter Business Chamber has welcomed today’s announcement that a proposal for a floating liquefied natural gas terminal at Kooragang has been given ‘critical’ planning status by the NSW Government.
The Minister for Planning and Public Spaces, Rob Stokes, is visiting Newcastle today to declare the project critical, ahead of his appearance tonight at a dinner hosted by the Chamber and the Hunter Research Foundation Centre.
Chamber CEO Bob Hawes said $589 million gas import terminal, proposed by Newcastle GasDock Company, would make a significant contribution to addressing energy security issues in the region and across NSW.
“Energy security and affordability have long been major issues in the Hunter, particularly for industry as our region has some of the biggest commercial users in the state,” Mr Hawes said.
“Our members constantly tell us that energy costs and reliability of supply are among their biggest business constraints.
“If approved, this project would significantly increase supply of gas and competition in the sector, hopefully resulting in a better deal for energy consumers.”
Mr Hawes said the project would also contribute to diversification of the port and the regional economy.
“It is important that we take advantage of new opportunities for economic growth,” he said. “Significantly, this project would also provide certainty for industrial and commercial users who rely on gas supply, ensuring that we can keep those companies and jobs in the Hunter.”

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