Jemena warns NT Labor over proposed fraccing ban

All well and good to warn government as Jeemena have (lol), but in doing so it (warning) raises concerns does it not.

It would seem that Jeemena may not have foresee the power of the Greenies and their progress and increasing support fan base for no fracking of central Australia. So what does this mean, it means a very worried Jeemena and far less investment money for exploration. Couple both together and mix in a penny dreadful organisation who seems to be heavily relying on OPM and riding the coat tails of others, and a potentially bad situation could eminate.

If Jeemena are worried, so are many others then, are they not.

Jemena warns NT Labor over proposed fraccing ban
FEBRUARY 22, 2016 0
Jemena, Operator of the Northern Gas Pipeline, has warned the Northern Territory’s Labor Party that any attempts to ban fraccing would put economic benefits of the pipeline at risk.

The Territory’s Labor opposition announced on Wednesday that it would impose a moratorium of fraccing if they were elected into power at the next election.

The announcement was quickly condemned by both Jemena, the Giles Government and the wider industry.

Jemena told the http://www.ntnews.com.au/business/g...t/news-story/3a27ff06cef4ccbfe3e89033e8c1ad1f" title="NT News” target=”_blank”>NT News that gas would definitely be flowing by 2018.

“Work has already started on designing and building the NGP, and first gas will flow from 2018,” a spokesperson said.

“However, any decision that would make it more difficult for customers to source additional gas could compromise the opportunity to build a bigger pipeline and deliver greater economic benefits to the NT.”

Northern Territory Chief Minister Adam Giles was quick to outline that the NGP will provide massive economic benefits to the Territory.

“Labor’s ban threatens the $800 million gas pipeline to the East Coast, and the 900 jobs it will create by robbing the pipeline of gas it needs to be viable,” said Mr Giles.

Opposition Leader Michael Gunner beleives there is enough gas for the pipeline without onshore developments.

“It has always been clear that the excess gas from ENI and future supplies from Mereenie and future offshore supplies are what you need to build your business case around the pipeline on,” said Mr Gunner.

The 622 km, 355.6 mm diameter pipeline will connect Tennant Creek to Mt Isa, with the first supply of gas expected to come from existing offshore and land-based operations in the NT.

https://www.pipeliner.com.au/2016/02/22/jemena-warns-nt-labor-over-proposed-fraccing-ban-2/