In the age today, doesn't bode well for gas prices
Santos has signalled gas prices in eastern Australia will rise more than 40 per cent over the next few years, reaching to more than $8 a gigajoule.
At the same time, it said it plans to bring its controversial Narrabri gas project on stream in 2017.
The forecast east coast price of more than $8 a gigajoule is much higher than its average gas price received of $5.67 in the second half of fiscal 2013.
Advertisement
At the same time, Santos told analysts at a briefing this morning "NSW natural gas is critical to east coast energy security".
"Additional supplies to meet increased demand with a tripling of gas demand to tighten the market," it said.
As a result, "new gas supply sources are needed in 2015-2020 to meet the supply challenge".
Along with production planned from Narrabri, in north west NSW, Santos said gas capacity in the Cooper Basin will rise 10 per cent in 2013 and by 30 per cent in total by 2015, as it prepares to meet rising demand from gas from a series of export gas projects being built in Queensland.
Santos told analysts initial Narrabri output is planned at 200 terajoules of gas a day, aiming to supply half of NSW gas demand, which would result in "material" royalty payments to the NSW government.
Read more: http://www.smh.com.au/business/mining-and-resources/east-coast-gas-prices-set-to-jump-by-40-per-cent-santos-20131204-2ypr3.html#ixzz2mSsiey2A
- Forums
- ASX - By Stock
- east coast gas prices set to jump by 40 per ce
In the age today, doesn't bode well for gas pricesSantos has...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.830M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2105211 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3778476 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2105211 | 0.004 |
13 | 25157992 | 0.003 |
10 | 22370899 | 0.002 |
9 | 64603690 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3401986 | 6 |
0.006 | 1458000 | 2 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
MEL (ASX) Chart |
Day chart unavailable