Nearly all production is contracted at low prices unfortunately. They would have some extra available for the spot market if their Mereenie program had performed but it clearly hasn't.
Spot market in Australia isn't very big anyway and is quite volatile, some days the volume at Wallumbilla might be 30 TJ/d then the next 2 TJ/d. But it has grown in the last few years since it was introduced, and the spot price at Wallumbilla is rising, currently around $12/GJ which would be very handy for CTP if only they had to gas to sell into it. It makes sense as the LNG producers would be running their plants flat out to try and get spot cargoes into North Asia (because they are also >90% contracted so are missing out on much of this boom), so they would be trying to divert as little as possible to the domestic market.
The great hope now for available spot volume is probably PV Deep and the sidetrack into the Pacoota like PV13. If successful it could be another 7 TJ/d of quick gas to max out the Palm Valley plant. But even that has been delayed and they may well miss the boat if gas prices come down before it's ready to connect.
On top of that they've just sold half their production right at the moment global gas prices go through the roof. It's pretty ironic, really - after almost a decade of CTP trumpeting how they were poised to take advantage of the perfect storm in east coast gas prices once the NGP was connected, it's finally actually happened as people like Cottee were telling us, and CTP is in a position where it's almost completely unable to take advantage of it.
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