AGL pulls out of Coal Seam Gas in NSW

AGL pulls out of Coal Seam Gas in NSW

NEWS: Energy giant AGL has this morning announced it is exiting the coal seam gas market and that its controversial Gloucester Gas Project, in the Hunter Region of New South Wales will be canned, while others in Queensland will be sold off.

The company has also put the brakes on at Camden, on Sydney’s south-western fringe, where production from existing wells will continue only until 2023, twelve years earlier than planned, with rehabilitation works to be carried out progressively during that time.

Assets in Moranbah, Silver Springs and Spring Gulley – with the exception of a gas storage plant at Silver Springs – will be sold off.

 

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