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GasBaron

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27/03/23

15:37

Post #: 66978736
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Originally posted by ruff: ↑

from InQueensland , rest of article is lock the gate wetting their pants over it.

Blue Energy has jumped the environmental hurdle for its central Queensland gas project with approval granted for up to 530 wells.Blue Energy has received environmental approval for a central Queensland gas project.However, despite outrage from the environmental lobby, the company does not yet have a production licence or binding contracts and needs a crucial gas pipeline to connect to the east coast gas market.Managing director John Phillips said Blue had submitted development plans to the Department of Resources and Department of Environment and Science which total contemplated well numbers for the full developments of the areas.“But clearly we need to meet the requirements of any gas contracts binding Blue to deliver specific contracted gas volumes (delivery volumes). These contracts will dictate the actual number of wells. We do not yet have firm and binding gas contracts,” Phillips said.He said Blue Energy was trying to bring more gas to the domestic market and abiding by the processes set forth by the environmental regulator.“We understand that there is a gas shortage on the east coast which is affecting households, manufacturers and electricity production. As Bass Strait gas flows decline, the energy requirements of the southern states will become dire, if no new gas supply is brought to market,” he said.

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If Blue has achieved this apparently significant milestone, why is there no ASX release?

BLU Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
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