As per announcement
"Santos has an established domestic sales gas portfolio in Western Australia and this collaboration enables the JV to bring Walyering’s gas production to market in a timely manner, and on attractive terms. The agreement is US-dollar denominated and linked to escalation in US CPI."
Don't get me wrong I am disappointed with Stu the STX Fuhrer and his project management skills but the GSA terms seem to be favourable towards TPD and STX.
I suspect ex STX Comerical manager Colby Hauser had alot to do with this negotiation.
Also don't forget the condensate will stop going to South Australia when Stu boys Coogee chemicals pull the finger out in Kwinana and start blending with Trafigura feedstock
upside $$$
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