Lending to gas supply
Incorporating extraction, transport (via pipelines), refinement and storage, the gas supply sector in Australia has attracted over $14 billion in funding since 2016.
With the massive buildout of LNG plants in Queensland’s Gladstone Harbour and around Australia’s north coast in recent years, as well as local demand, Australian gas supply has become a huge industry.
This has seen an increase in extraction and pipeline projects around the country, including a push into the dangerous unconventional gas industry (coal seam gas (CSG), shale gas and tight gas).
Top 20 lenders to gas supply in Australia 1 Jan 2016 – 31 Dec 2019
Is your bank on the list?
Tell them if they continue to choose fossil fuels, you’ll choose a new bank.