Will the residents of Casino get cheap gas from MEL. Keries I think that is a great question. From memory I think NSW has 250 years worth of supply lying below the surface. It just has to be accessed. The possibilities are endless.
To answer your question I think all we have to do is look towards the US. Google - US Gas Price, and see what you get:
* US natural gas prices reshaping global market * Gas glut slashes export prices * How to push world gas prices down to US levels * What the shale gas boom means for American Chemical .....'this has led to a gross oversupply in the US natural gas market, which has contributed to decade low prices for the commodity'
...it goes on and on.
So the US who only five years ago were fearing big import bills for LNG, now has so much natural gas the price has plummeted, industry is starting to thrive, manufacturing is reviving and jobs are being created... and the environment is benefiting. Green house gas emissions have fallen, and on a per capita basis they are back to 1961 levels. Gas is replacing coal in electricity generation. Gas emits 45% less carbon per energy unit.
So you ask 'Will the residents of Casino get cheap gas from MEL'. It certainly looks exciting.
MEL Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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