Point being, the corridors for pipelines already exist, no additional consultations, lead time lagging approvals. A much easier investment environment to crack on with it.
So it's relatively easy to gain approvals for construction, access for efforts of Line duplication. FEED & FID targets by APA have already been published.
Nothing hard about laying pipes, nor APA gaining the funding, as they have a stated aim of organic growth, the CEO sees their Beetaloo assets as being transformative for their company.
Gas will be flowing in Darwin's Channel Island Power station, once a short spur line is run in. It will also be flowing east into Mt Isa and beyond. Easy revenue to get things rolling
Already some of the existing infrastructure in the NT is underutelised. Which is why NT Government and ENI have been wrangling due to the blacktip platform not flowing for the past few years. that gas was contracted for the channel island power station, plus 1/2 had been on sold to Mount Isa. For which not being delivered had still had to be supplied on the spot market.
BlackTip well is being worked over again as I type. if it doesn't work, ENI might bail out of Oz, as it's been a disaster for them.
TBN Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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