Energy Club NT - CUE Energy: New Northern Territory Gas Supply Agreement and Market Update

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CUE Energy: New Northern Territory Gas Supply Agreement and Market Update

CUE Energy: New Northern Territory Gas Supply Agreement and Market Update

12 Apr 2024 4:20 PM | Stephanie Berlin (Administrator)

Cue Energy Resources Limited (ASX: CUE) announces that Central Petroleum Limited (ASX: CTP), the Operator of Cue’s onshore Australian gas production fields, Mereenie, Palm Valley and Dingo, has issued the attached release announcing the execution of a Gas Supply Agreement (GSA) with Power and Water Corporation (PWC) for the supply of as-available gas from the Mereenie field to the end of 2024, and providing an update on the Northern Territory gas market.

Cue has a 7.5% interest in the Mereenie gas field. Other participants are Central Petroleum (Operator) 25%, Macquarie Mereenie 50% and New Zealand Oil & Gas 17.5%

To view the full ASX Announcement, click here

Source: CUE Energy

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