Perfect timing for a write up like this….NOT!!! Which ASX energy...

Perfect timing for a write up like this….NOT!!!

Which ASX energy juniors stand to win from WA’s new domestic gas rules?

Separate from the WA government decision but still related to onshore gas development is Buru Energy’s (ASX:BRU) recent decision to focus on developing its Rafael conventional gas and condensate discovery in the Canning Basin.
While still an onshore find, the Canning Basin has an exception in place that allows the ‘first-mover’ to be treated like an offshore development as the region is not connected to the existing gas network.
Rather than being allowed to export 20% of its total production, the first project out of the gate will instead be able to export all but 15% of its gas, which will likely play a key role in offsetting the high cost of getting the pipeline infrastructure into place.
BRU, a long-time believer in the Canning Basin – especially under the auspices of former chairman Eric Streitberg, is keen to be this first-mover and has worked out a plan involving the use of a mini-LNG plant to monetise its 1C (low case) contingent resource of 85Bcf of gas.
Doing so will allow the company to truck LNG to Broome and regional demand centres, allowing it to sidestep the need for pipelines.

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head.com.au/energy/got-gas-which-asx-energy-juniors-stand-to-win-from-was-new-domestic-gas-rules/

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