media comment re gas mkt. not t/o related but very much relevant...

media comment re gas mkt. not t/o related but very much relevant to CTP and its ambitions.

AGL Energy is considering spending as much as $300 million building a terminal to import cheaper natural gas into the southeastern states from as far away as Europe or the Middle East because of limited domestic gas availability and high local prices in the wake of $70 billion of LNG export plants being built in Gladstone.

Yesterday, Mr Vesey said initial investigations by AGL had found that it could be feasible.
“We believe there’s a glut of LNG in international markets and there might be plenty of opportunity, given US shale gas coming on to the international market, to take advantage of a supply-demand imbalance,” he said.
“We think there is enough potential price difference (between Australian and international gas) to cover the capital investment and to provide a good price for our customers.”
If investigations keep looking favourable and AGL can secure enough gas from an LNG exporter, Mr Vesey said construction could start in 2018-19 with first gas being imported in 2021.
Capital costs are expected to be between $200m and $300m.