Central Petroleum's (CTP) Richard Cottee will use next week's
RIU Good Oil Conference to back calls for an expansion of the Australian pipeline network from the Northern Territory to Moomba, saying he has 200 petajoules of proven gas ready to go and just looking for a home in east coast gas markets.
He will use his speech to warn that with New South Wales and Victoria facing gas shortage within four years thanks to the start-up of the Gladstone LNG plants, a situation exasperated by myopic moratorium s on fraccing exploration, that it is clear there is plenty of gas in the NT that can provide solutions in the short, medium and long-terms.
http://www.oilgasgazette.com.au/Stor...to-moomba-link
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Read today's announcement for a quick and easy overview of one of the ASX's energy bargain buys.