media coverage on nsw and csg, page-6

Hi Jake,

I dont want the ACCC to veto the bid. If it did what would result for ESG ?

In the QGC case the ACCC was worried about :-

"the competitive structure of the wholesale gas supply industry in southern Queensland"

http://www.accc.gov.au/content/index.phtml/itemId/780987/fromItemId/2332

How much "native" gas is there in NSW ? Most is piped into NSW. To have one company which is already a dominant gas supplier nail the biggest resource in NSW may raise some eyebrows.

STO was flexible in the QGC case offering to spin off a NewCo ?

With pipelines everywhere that is a plus but LNG out of QLD and Gippsland Otway Bass basins being depleted extra gas is from Gunnedah clarence-moreton and shale gas as it gets developed.

How about a gasification terminal in Vic or NSW for LNG imports from WA?

A gas reservation for the east coast to prevent all the gas getting exported as LNG is a certainty as they realise the impact of LNG



Cheers