The following is a valid point in my opinion: The awarding of...

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m0ngy

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19/05/16

20:58

Post #: 17817860
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Originally posted by O&GInvestor ↑

The following links to a report prepared by a greenie group is starting to make mainstream press coverage. If I have it right after skimming thru the report, in summary:

- Jemena is an evil Asian government company who should never have been awarded the NEGI.
- The NGP will be a complete loss making exercise, an absolute white elephant. Despite knowing this, Jemena, who are extremely profitable, are still going ahead
- While losing money, they will also have a monopoly and charge whatever tariffs they like
- NT gas will never be able to be sold at a competitive price
- LNG plants built are now in a glut, and should never have been built
- Gas demand will shrink going forward globally as renewables take over
- The sky is falling, run for your lives!

http://ieefa.org/wp-content/uploads/2016/05/Pipe-Dream-A-Financial-Analysis-of-the-NEGI-MAY-2016.pdf

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The following is a valid point in my opinion:

The awarding of the NEGI contract to Jemena was an interesting decision by the Northern Territory government. In essence an Australian government has handed the governments of Singapore and China an unregulated natural monopoly for the transport of gas between the Northern Territory and Queensland. It is to these governments that the bulk of the natural wealth of the Northern Territory gas industry will accrue if the pipeline should go ahead.

CTP Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
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