The news papers have talked up how long it might take by refering to a single past decision that took about a year. If there is no disagreement (other than the loony greens) and a set of conditions that the councils and dart agree on, then might happen a lot quicker.
Time to get over the fact that this is going to happen and review the gsa that already exists:
"We now have forward visibility on potential sales of over 60 Bcf of gas from the PEDL 133 project,
commencing as early as April. This represents around 10% of the contingent resource on the block, so we
believe that as we move into production and continue to mature a greater proportion of the resource, there is
ability to increase gas sales and revenues even further. Given the gas prices in Europe (around US$9 –
US$10 per Mcf), 60Bcf of total potential sales is more than $500m of potential revenues, so the gas sales
arrangements in place for PEDL 133 could result in substantial long-term revenues for Dart International”.
SSE, a UK FTSE 100 utility company with over nine million retail customers, and a significant coal, gas and
renewables generation business, with 50% ownership of Scotland Gas Networks as well as the current
owner and operator of the local gas grid infrastructure that passes both across and proximate to PEDL 133.
An independent assessment by Netherland Sewell & Associates, Inc (NSAI) of the coal bed methane (CBM)
within the PEDL133 licence area identified 2P Reserves of 43 BCF, 3P Reserve of 81 BCF and a 2C
contingent resource of 607 BCF."
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