This just appeared on the ABC regional news site. I presume that all the stars will align eventually. I particularly like bits like "gaining momentum" and "closely examining"
Plans to make Newcastle a liquefied natural gas (LNG) hub are gaining momentum in the wake of approval for Western Australia's $43 billion Gorgon Gas deal.
Eastern Star Gas is behind plans for an LNG export plant at the Port of Newcastle in the New South Wales Hunter Valley.
The company is currently exploring coal seam gas in the Gunnedah Basin and says a recent feasibility study shows Newcastle is ideally suited to an LNG plant.
State Ports Minister Joe Tripodi says he and Federal Government officials are closely examining the prospects for such a facility.
"The Government is fully committed to making sure that we give a full and thorough investigation into the prospect of this investment," he said.
"Having said that, we will not compromise the safety of local communities."
Eastern Star Gas says the facility would allow it to offload excess gas overseas.
ESG Price at posting:
$1.01 Sentiment: LT Buy Disclosure: Held
