Central Petroleum can't sell gasCentral Petroleum is the only...

Central Petroleum can't sell gasCentral Petroleum is the only onshore gas supplier in the Northern Territory, producing in the Mereenie Basin, south-west of Alice Springs.Managing director Leon Devaney said if Eni could not rectify its supply issues, the NT and its electricity supply would be in a precarious position."You're looking at having to utilise alternative sources of gas, like diverting LNG exports back into the domestic market or even reversing the NGP so you're importing gas from the east coast," Mr Devaney said."The market will get balanced and there will be gas. It's just where does that gas come from and what is the cost of that gas to customers in the NT?"From our perspective, this is a transitional period and a period of a lot of uncertainty as to how core production for the NT will play out over the coming months. And that will really reshape what the NT gas market looks like."Central Petroleum is unable to supply its customers on the east coast because of the NGP outage.The company said it was "working with key NT stakeholders and customers to re-contract gas to NT customers for the duration of the outage".

abc rural, 4hrs ago