Hancock Energy is positioning itself between two proposed gas precincts to develop an $850 million processing plant in the Mid West Shire of Mingenew.
The plant is expected to produce 210 terajoules of gas per day, supplying 15% to 20% of Western Australia's demand, according to planning documents.
The development application also suggests the potential to link Belisama with Hancock’s other major interests in the region.
The company acquired the Lockyer Gas Project from Mineral Resources in a $1.1 billion deal in late 2024 and submitted revised plans to the State Development Assessment Unit at the end of 2025.
While Lockyer had previously received state approval, Hancock proposes moving the plant about 20km south to a farming property it owns, closer to Strike Energy’s West Erregulla Project, where Hancock holds a 50% stake.