CTP 1.89% 5.2¢ central petroleum limited

NGP Gets Construction License

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    NGP Pipeline risk significantly reduced

    The Northern Territory government has given the $800m Northern Gas Pipeline project the green light after granting a construction license.

    http://www.news.com.au/national/bre...d/news-story/42906b4e1588d9ab20e283313af3d9b3


    Extracts...

    "Jemena is also well progressed on a feasibility assessment to expand and extend the NGP to (Queensland's) Wallumbilla gas hub," Jemena project director Jonathan Spink said.
    Mr Spink said Jemena would be able to quickly scale-up the NGP to deliver up to or beyond 700TJ of gas per day to the east coast, dependent on demand.
    "The NGP continues to be the cheapest and most direct route to deliver gas to where it is needed most and is the sensible choice in responding to the east-coast gas crunch," he said."


    " consent to construct the Phillip Creek Station Compressor Facility, north of Tennant Creek, has also been granted and work will begin in under a fortnight.
    Further construction works are on track to start in midway through the year."

    Regards

    OGP
 
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