From Proactive article published today.Higher quantities of...

From Proactive article published today.

Higher quantities of gas

The current gas production at the Moranbah Project stands at approximately 10 peta (PJ) per annum.

QPME aims to increase this to 12-13PJ per annum within six months following the completion of the transaction.

This expansion will enable higher quantities of gas to be supplied to the Townsville Power Station, resulting in increased revenue from electricity generation.

To finance the associated capital costs of boosting gas production, Dyno Nobel will provide a funding facility with an initial aggregate limit of $80 million, which can be expanded to $120 million at the lender's discretion if the need arises.

The repayment of this facility will be made through the delivery of gas over the term of the new gas supply agreement.