BPH - National Party MP's signal support for PEP11, page-20

Hello fellow BPH holders,

This was posted on Reddit 1 month ago by u/SnooRegrets406. Despite it being a month old, I thought it was a great read. Thanks SnooRegrets and apologies if this has been posted previously.

Happy Easter and best of luck to all!


So I did some digging on BPH and PEP 11 from a different angle...

There’s been much talk about “will they or won’t they approve” so I thought I’d come at this from a different angle. We know the decision maker has sounded somewhat “pro gas” in his interviews and points to a lack of exploration that could present as a shortage in the near to medium term.

I wanted to dig a bit deeper and look at how this gas will get moved up and down the east coast, assuming they are successful. So I googled pipelines. What did I come up with?

Newcastle seems to be very much a focal point for gas. Extensive talk of a storage facility and import/export terminal at the port, which would also potentially fuel the marine industry. An extension to Newcastle of Jemena’s east coast pipeline that runs all the way from Victoria (those gas fields that are getting nearer to the end of their life) right up to Sydney. Mention of making it bi-directional as well so they can send gas back down the coast so it can connect to “emerging new supplies of gas”. Big pressure to get rid of coal fired power stations. Talk of a new gas-powered power station on the central coast. Add to that another terminal at Port Kembla where gas could be entered into the pipeline to serve the east coast market

So we go back to PEP 11 and it all kind of neatly fits into place. I’ll post the links I’ve found. You tell me what you think...

Detailed report on East Coast Gas market (with projected timeline for development needed): https://www.nswbusinesschamber.com.au/NSWBC/media/Policy/015-Running-on-Empty-Report-7_PRINT.pdf

Hunter Gas Pipeline Development: https://7674d7e5-3603-46d5-9cc2-56a70e3b0530.filesusr.com/ugd/dbd05f_ca74e855292f4d0fbd51a9e4475ebdd8.pdf

More on Hunter Gas Pipeline: https://7674d7e5-3603-46d5-9cc2-56a70e3b0530.filesusr.com/ugd/dbd05f_8f11cff83fcd465ba10db80cc5eaaf77.pdf

Jemena’s east coast pipeline extension: https://jemena.com.au/about/newsroom/media-release/jemena-reveals-plans-to-extend-eastern-gas-pipelin

Newcastle gas terminal: https://majorprojects.planningportal.nsw.gov.au/prweb/PRRestService/mp/01/getContent?AttachRef=PDA-912%2120190828T072744.852%20GMT

More about the gas terminal: https://www.energymagazine.com.au/lng-bunkering-added-to-newcastle-gasdock-project/

Further info about gas terminal and eastern states supply: https://www.google.com.au/amp/s/unauthorised investment advice/energy/gas-imports-terminal-is-economic-even-with-more-domestic-supply/%3famp

Newcastle gas terminal developer comments: https://www.epiklng.com/ngdc.html

Comments from John Barilaro supporting the terminal: https://www.planning.nsw.gov.au/News/2019/Newcastle-gas-terminal-given-critical-status

Port of Newcastle CEO pointing to expansion of import/export opportunities: https://www.portofnewcastle.com.au/news/nsw-government-support-a-boost-for-proposed-newcastle-gas-import-terminal/

It all underscores the need for the PEP 11 drilling and supply of gas. So who’s buying more BPH tomorrow?