Aug 12, 2026 – 12.00pmHancock Energy’s hope of greenlighting the construction of an $850 million gas project in Western Australia by the end of next month is at risk, with the developer bankrolled by billionaire mining magnate Gina Rinehart warning of uncertainty over Labor’s proposed domestic reservation scheme.Hancock had pencilled in the September quarter for a final investment decision on the Belisama gas project in the onshore Perth Basin, about 350 kilometres north of Perth, which it has said could supply up to 20 per cent of WA’s gas needs at full production and start up by early 2029.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Uncertainty over Labor gas scheme hits Rinehart’s $850m WA project
Hancock Energy had hoped to greenlight the construction of a major new development by the end of next month, but could be forced to push out a final decision.
120 words~1 min read
