Certainly, and you don't want a whole state reliant on gas at just the bare minimum supply. EMP would be able to supply about 8% of Victoria's gas needs and potentially more depending on drill results and other areas of gas interest. 500,000+ homes is a significant supply amount and worth it for companies like AGL to potentially secure their gas contracts for their customers. Sure the infrastructure cost is around the $500m mark but the gas would be owned by EMP and any potential future partners unlike a gas terminal which has to rely on contracts and if potentially competing in a free market then a company like Santos might well undercut the Port Kembla gas terminal.
EMP Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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