Re the Tanami Pipeline.
Some information below comes from the 13-14 June 2018 Credit Suisse Annual Australian Energy Conference and readers should note the caveat contained in the presentation commencing " This presentation is not intended for prospective investors..." and DOYR.
As I understand it:-
- The PWC has already beaten for the contract to CTP to supply of gas to the Tanami pipeline.
- Although I am unable to establish the price PWC paid for Blacktip gas it is common knowledge that ENI negotiated a pretty good price for the sale their gas.
- CTP recently made a passing comment to the effect that availability of gas, for this contract, was the problem rather than a completive price and the latest presentation seems to bear this out.
- I have posted many times on the bottlenecks imposed by Amadeus and Carpentaria pipelines and at the last webinar identified the Amadeus pipeline bottleneck in a question.
- Until the Mereenie Spur at feeding the Amadeus pipeline is increased in size CTP is limited to 22 TJ/day a minus Presold MAC gas 15 TJ/d firm at Palm Valley minus 5 TJ/d Macquarie Pre-Sale (Supplied from Palm Valley/Mereenie). Unless Palm Valley gas can fill the breach it could mean that the NGP1 capacity may not fully utilised the Mereenie Spur upgrade is executed.
- The NGP looks something like this before the Mereenie Spur upgrade.
- I have attempted to locate an official document that indicates new reference tariffs as a result of pipeline reform and was advised that this was not available. Would appreciated if anyone has more information.
I would prefer to wait for more information on drilling results before venturing to comment further.
Regards OGP
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