goodaye DB,
i have to admit that i have done no research on this, but I would be surprised to see ACCC stop STO taking over ESG.
Off the top of my head I cannot recall the detail of the QGC issues wrt ACCC.
But, off the cuff, ESG is not yet a viable producer, and really is still only a resource yet to be commercialised. That resource could potentially never be developed.
Also, my main feeling is that the market for the supply of gas to NSW is changing.
We have pipelines going everywhere, we have new pipelines being built, being proposed etc, so the issue of getting the gas to NSW is a moving feast.
The other big new factor now imho, is the shale gas resource.
Frankly, this potential resource is going to be huge, and will be a game changer.
If they develop that resource in C/B, they are thinking of sending it to Gladstone, so conceivably it could equallly go to NSW.
At the very least, it will increase the supply of gas to the market.
That should help to assuage the ACCC maybe?
cheers
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