Energy Club

Northern Territory

  • Home
  • News
  • PowerWater outsmarted in $50m gas deal

PowerWater outsmarted in $50m gas deal

10 May 2017 10:30 AM | Sonia Harvey (Administrator)

Article by Ashley Manicaros

TERRITORIANS have been left with $50 million of gas they will not use after the Power and Water Corporation was outsmarted in a supply deal.

Central Petroleum has won a deal to supply 9.85PJ of gas over five years to the Northern Territory Pine Creek Power Station operated by Energy Development.

Under the supply agreement, Central Petroleum has the right to supply gas from its central Australian fields of Mereenie, Dingo or Palm Valley, in a fixed-price gas contract which may increase subject to CPI.

In a further twist, Central Petroleum on Tuesday announced a gas transportation deal to move the gas along the Amadeus pipeline after negotiating directly with APA Group, owners of the pipeline.

The total deal, estimated at $50 million, has caught many gas analysts and Power and Water by surprise given the volume of excess gas available to the government-owned entity from Blacktip and its effective monopoly of gas transportation through both the Amadeus and Bonaparte pipelines.

Read the full article here. Article by Ashley Manicaros, NT News

Energy Club NT is an Incorporated Association 

The information contained in this website is for general information purposes only. The information is provided by Energy Club NT Inc and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites and files which may not be owned, authored or under the control of Energy Club NT Inc. We have no control over the nature, content and availability of other websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Powered by Wild Apricot Membership Software