This must affect CTP ability to sell gas into the NGP, Senex have just been given the right to develop a new gas field in the state of Queensland and aimed to make its first delivery from the site within two years, racing to supply a tight local market.
Look like the deal maker RC has missed out on this one !!
Apparently the QLD Government Queensland offered the acreage in the Surat Basin for free earlier this year on condition it is used to supply the Australian east coast market, which faces a potential shortage from 2019 due to a tripling in gas demand for three liquefied natural gas (LNG) export plants.
the company would spend up to A$200 million ($160 million) to develop the field, estimated to hold around 200 petajoules of coal seam gas.
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