Article in the AFR today about AGL doubling it’s gas purchases...

Article in the AFR today about AGL doubling it’s gas purchases from Cooper Energy’s Sole Project.

http://www.copyright link/business/energy/gas/southeast-gas-on-track-after-agl-energy-doubles-buy-contract-20170117-gttfy4

Pertinent points related to CTP are as follows:
  
- AGL's increased purchase commitment, of 12 petajoules a year up from an earlier agreed 6.6 PJ, has underscored the appetite from large industrial gas users to lock in new sources of gas supplies in the increasingly tight east coast market.

- Fellow retailers EnergyAustralia and Alinta Energy, as well as glass maker O-I Australia, have also signed up to buy gas from the Sole venture, seen as the only new source of conventional gas for the east coast gas market potentially for several years. (O&GI Note: hey, what about CTP???)

- Other new supply ventures such as Senex Energy's Western Surat project in Queensland, are set to sell gas into the LNG projects in Gladstone for export rather than into the domestic market.

- Gas from Sole is understood to be selling within the $7-$8 a gigajoule range, more than double historical prices for the fuel but within the range expected for late this decade given the surge in demand due to the new Queensland LNG projects.

- The deal with AGL, which sells gas to households and business and uses the fuel to produce electricity, brings Cooper up to its target for gas sale contracts for Sole in order to proceed, Mr Maxwell said. Customer accords have been struck for 20 PJ of the total 25 PJ of potential annual supply from the project, which is aiming to begin production by March 2019.