The Federal Government says it is intervening to fast-track coal seam gas (CSG) projects in New South Wales in response to the state's "gas crisis". Speaking at an "energy security summit" of stakeholders from the gas industry in Sydney today, Federal Resources Minister Ian Macfarlane said thousands of jobs could be lost and gas prices could spike in the state if moves were not taken to unlock CSG reserves. He said he wanted to see more CSG rigs in place "by Christmas" and had spoken to Premier Barry O'Farrell about ways to overcome resistance to CSG drilling from famers and other landowners. And he also flagged the possibility of a federal move to harmonise CSG laws across all states and territories, including a "one-stop shop" arrangement for CSG approvals - a suggestion which has drawn the ire of the Greens. More » |
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