From WGO quarterly:
Warrego’s gas sale to Alcoa will utilise almost 70% of the processing capacity of the gas plant. This production quantity is far in excess of Warrego’s 50% participating interest share and necessitated the Joint Venture putting gas balancing arrangements in place to enable Warrego to overlift significantly to meet its sales commitments to Alcoa.
70% of 80 Tj/day is roughly 55 TJ/day
From STX presso:
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Contracted gas hits 80 TJ/d at 1H/24 - which is when WGO's Alcoa contract starts.
STX only has 25 TJ/d contracted, so that also indicates that WGO is drawing 55 TJ/d.
They have a gas balancing agreement, so WGO can take more than 50/50 at this phase.
Just need to return it in phase 2, or pay STX, or whatever the agreement is.
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