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Ann: Walyering Reaches Payback & Operational Update, page-224

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10,223 Posts.

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01/06/24

16:27

Post #: 74119091
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Originally posted by J L: ↑

Guys, I think it's time to pay a little attention to the Parmelia Gas Pipeline.

I have been having a look at its function and, correct me if I am wrong, but his is how I see the short-term situation.

The only way for gas to leave PGP is through domestic usage direct from the pipeline, it can't access MGFS and in turn DBNGP

APA and its Mondarra Gas Storage Facility have, in effect, total control over the operation and input to PGP.

Until the interconnector between PGP and DBNGP is completed, all gas produced is confined to local Parmelia drawdown only.

STX can have any amount of gas and it won't be able to supply its excess to anyone other than local users of PGP, the capacity of which now seems to be fully utilised, hence the 25 Pj/d limit.

And this is how it will stay, no increase in flow or revenue, until the interconnector is established. IMO.

I do not know who is in control of the gas system, and can find nothing on the internet that gives an up-to-date progress report on the construction of the interconnector. It does not appear to be front and centre for the two major gas producers feeding into PGP.

Just my thoughts. I welcome any comments. J L.

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STX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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