Qld CSG producers will be at a big disadvantage if they have to sell to Sydney or Melbourne gas customers. The transport cost from qld is around $2.50 per GJ.
If delivered gas to Sydney is $9.50, qld gas producers will net only $7 per GJ. It gets worse if price of gas drops to $8.50. The problem is domestic gas market in qld is not big enough and at some point qld gas producers have to sell the gas farther away.
From COE Investor Pack:
• South-east Australia is reliant on Queensland gas to meet shortfall between local production and local demand
• Queensland providing ~70 PJ in 2019-20 then over 100 PJ pa
• Cost of Queensland gas delivered to south- east Australia is setting gas price
• Good market opportunities for gas from south- east Australia resources
Ann: Investor Pack update June 2019, page-5
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $514.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 19.0¢ | $426.1K | 2.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 472701 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 12628 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| COE (ASX) Chart |