COE signed 3 or 4 contracts (maybe more) about 2-3 years ago in the lead up to financing the Sole project. Since that time, although there are East Coast gas shortages, the price of oil has headed south, particularly this year. World gas prices have also been heading south for the last year or so.
My question is, did the COE contract have a pricing mechanism which essentially follows with the global oil prices or gas prices?
What is the current gas price likely to be realised and the likely prices going forward, say for the next 2-3 years?
Anyone able to provide some guidance going forward.
Ann: Sole Orbost Update 19 June 2020, page-60
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