Oil & Gas Investor Australia Magazine Jan15

Some points of interest from the January issue for AJQ shareholders:

* The proposed pipeline linking gas supplies from the NT to the east coast has gained positive traction with 14 expressions of interest received. NT Chief Minister Adam Giles said "no time could be wasted on this project and the assessment panel would convene immediately to start the process of shortlisting proponents".

* APA group beleives the pipeline will cost AUD $1 billion to build and intends to bid for the rights to develop the project.

* NSW still importing 90% of its gas requirements.

* The recent decline in the oil price spooks alot of people but the good news for the Australian LNG market is that the price of oil has no affect on whether the seven LNG plants that are under construction get built, because the gas has already been sold.

* There is still a concencus that there is not enough gas available to supply the needs of the local market and to supply the LNG operations that has been forward sold supply.

* The top end (Northern Territory) is the "sleeping giant" of the Australian gas industry.