Global LNG prices will also have an impact if and when the LNG import terminals are completed as the current east coast prices will move to reflect an import parity pricing system.
this will be beneficial to all east coast producers with time, as it will see the current $8 prices move to reflect the cost of imported gas.
That is why it is relevant.
at this point, we have seen 2 of the crucial other projects delay their FID from the planning documents that were released by the federal government in only November last year. That will put further upside to gas prices, subject to demand being able to handle the differential.
At this point, MEL is well placed with the majority of their gas reserves uncontracted. Just need to get that first deal done and under way.
Cheers, AL
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