This line in this announcement
"The MOU does not restrict Empire from engaging, negotiating and entering into agreements for use
of the McArthur River Gas Pipeline."
must raise the serious prospect of EEG selling gas to power McArthur River in the not very distant future, the pipeline runs so close to them.
Would be a good question for management, could be a domestic and US producer in short order. Analysts predicting $12 for US gas so might be a good time to clean those assets off the books too which would enhance already strong cash position.
Ann: Gas Infrastructure MOU with APA Group, page-6
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