SANTOS has sought to stave off the growing threat of a moratorium on the coal seam gas industry in NSW, citing the $15.2 billion boon its project in the Gunnedah Basin would bring to the state's struggling economy.
The oil and gas producer's ambitions in the state's north-west involved a potential investment of more than $16 billion over the next 25 years, Santos's vice-president for eastern Australia, James Baulderstone, said.
That would also add 2900 ongoing full-time jobs, including up to 1800 jobs during construction in 2014-17, he said, referring to a report by Allen Consulting into the economic benefits of Santos's CSG plans, The Australian Financial Review reports.
"This really is a fantastic opportunity for NSW. It will convert this state into a growth state from a resource point of view," Mr Baulderstone said, in Sydney yesterday.
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