Ann: West Mereenie 29 Online - Gas Rate Achieves Upside Outcome, page-11

Yes that is significant too. If Eni calls time on Blacktip there is no other short term source of gas for the NT other than diverted LNG feed gas from Ichthys which they will pay through the nose for.

There are several discovered fields near Blacktip in the Bonaparte Basin and further afield like STO's Barossa but they will take years to get up and running. The Beetaloo is still in appraisal stage and I'm yet to be convinced it can be made viable. The NGP could in theory be reversed but the Wallumbilla hub price is already around $15/GJ currently and that's without the $5 or so of pipeline tolls to get it to Darwin.

Market signals eventually win in the long run and new supply will come on, but in the meantime CTP and partners should make a killing if Blacktip stays down.