Another big gas plant to be built.
From the AFR:
Ryan Stokes warms to gas pact with WA billionaires
Seven Group boss Ryan Stokes has raised the prospect of co-operation among billionaire onshore gas players in Western Australia after the Stokes family’s conglomerate upgraded full-year earnings guidance.
Seven, which owns 30 per cent of oil and gas producer Beach Energy, is one of the key players in onshore gas in the Perth Basin via its stake in the Waitsia project. WA has a reservation policy that limits onshore producers to supplying the domestic market; that policy is under review and Mr Stokes supports a less restrictive approach paving the way for sales to overseas gas buyers.
Mr Stokes suggested the Waitsia partners could work with emerging players to avoid a situation where multiple gas plants are operating below capacity. Asked on Wednesday if that included working with Hancock and MinRes, Mr Stokes said, “absolutely”.
Another big gas plant to be built. From the AFR: Ryan Stokes...
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