"A major investment in Queensland gas fields, including the Bowen and Galilee basins, is needed to head off a “devastating” national shortage within the next 10 years, a new report has found."
"The Federal Budget next week will include cash to fast-track the Wallumbilla national gas hub, proposed for western Queensland, while more details around plans to open up the Bowen Basin are expected soon, in response to the National Gas Infrastructure Plan’s interim report to be released today"
"The Morrison Government in October announced plans to develop the Wallumbilla gas field into the Australian Gas Hub – essentially a central hub linking gas fields and export ports across the country through pipelines, bringing down the cost of production"
Hopefully a few good years ahead for SXY profits
SXY Price at posting:
$3.05 Sentiment: Buy Disclosure: Held
