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Senex Energy says its gas expansion has been put on hold after energy cap announcement

Senex Ian Davies Madeleine King Natural Gas

A $1 billion expansion of a natural gas development in south-west Queensland has been put on hold, a week after the federal government’s announcement to cap energy prices for 12 months.

Senex Energy, which is owned by Gina Rinehart's Hancock Energy and South Korean steel maker POSCO, announced the decision four months after signalling it would expand its natural gas developments in the Surat Basin in August.

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