News

Gas approval for Casino

METGASCO could have access to 24 trillion cubic feet of gas through the reserves it is exploring in the Casino.

In a speech titled Unlocking the Potential, the gas firm's chief executive and managing director Peter Henderson dismissed the ongoing skirmishes with the area's vocal anti-coal seam gas campaigners, describing their views as being based on nonsense.

He said with the state giving approval to the project, it expected to first deliver cheap energy to the Casino, Lismore and Central Coast regions, even naming a dairy as its first customer to receive gas in 2013.

"We have already signed a deal with Richmond Dairies for local sales," Mr Henderson said.

"The meatworks nearby are keen to take our gas, which would be very much above export prices but still a good price for the community."

Mr Henderson explained that Metgasco was working closely with farmers to ensure they felt they were scoring a good deal.

"We don't take this for granted - the minute we do the wrong thing on one farmer's land, we will never have a response again."

He named Nimbin, Byron Bay and Lismore as areas where anti-gas campaigners seemed strongest.

"It's based on what we would consider as nonsense," he said.

"We are now running dinners once or twice a month where we have 12 or 13 people and we tell them about coal seam gas."

Now the company will focus on "drilling more wells" as it seeks to prove the technique is safe. "Over time we will get that support," Mr Henderson said.

Topics:  approval, casino, metgasco




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

OUR SAY: Seriously, how many weeks to go?

July 2 cannot come soon enough in election snooze-fest

Commission raises minimum pay to $17.70 an hour

Workers on the minimum wage will get an extra $15.80 in their pay from July 1.

More in the pay packets of low paid workers after commission finding

Possibility of localised flooding this weekend

25/07/06 n15293a Dan Fergusons rain gauge on his Cooroibah property. Photo by Geoff Potter

Widespread rain relief is on its way to the Clarence Valley

Latest deals and offers

Perfect time to invest in Northern Rivers property

The Northern Rivers rental market is tighter than Sydney making it the perfect time for investors to get better returns out of property than superannuation or banks deposits.

Low interest rates and tight rental market are prime time to invest