- In short: Asset Energy Pty Ltd says it’s committed to a drilling project to extract gas off the NSW coast, despite government opposition.
- The Petroleum Exploration Permit 11 (PEP 11) would allow 4500 square kilometres of seabed between Newcastle and Sydney to be searched for natural gas reserves.
- What’s next? The NSW government will introduce a bill to prohibit seabed petroleum and mineral exploration and recovery in NSW coastal waters.
PEP-11 was such electoral poison even Promo came out against it. The ship has sailed.