The appears to be a lot of dominos lining up here.
-ESG and AGL pipelines to Newcastle -ESG invests 25 mil in a piece of dirt in Newcastle Harbour -AGL pipleine to Hexam (joins to ESG pipeline to harbour?) -ESG pipeline also runs past a couple of MAJOR power stations (Bayswater / Liddell) -Other power stations (Eraring / Munmorah and Vales Point) not that much further south <100K -Once other pipeline to Wellington - it is not to far from Lithgow (Wallerawang)
That covers the majority of the coal fired power stations in NSW (see below)
Santos might be saying sionara to its 35% share as it meanders its way south.
NSW could become the Greenhouse Glamour State in a very short timeframe.
Now how much would ESG be worth....., then also consider that MEL now has an option to connect south at a reduced cost. (either to Gloucester or Narrabri).
ESG Price at posting:
90.0¢ Sentiment: LT Buy Disclosure: Held