1. Most Discussed
  2. Gainers & Losers
TEG 12.0¢

The Queensland... 01/05/2017, 24369309

  1. bobbym

    1,307 posts.
    The Queensland government has approved a licence for a critical pipeline linking the resource-rich Bowen Basin and the east-coast gas market, as a bitter stoush broke out between Premier Annastacia Palaszczuk and Malcolm Turnbull over gas policy.
    The Australian can reveal Arrow Energy will finally receive a petroleum pipeline licence for its planned Bowen pipeline, which — if built — will deliver coal-seam gas from Arrow’s Bowen Basin fields to Gladstone, increasing supply for the hungry domestic market.
    Natural Resources Minister Anthony Lynham confirmed the state government had approved Arrow’s pipeline, which he said was a crucial “missing link” in the gas supply network, and encouraged the company to press ahead with the project.
    “We are encouraging that pipeline, we want that pipeline to be hooked up because it’s an important piece of infrastructure that’s been missing,” Dr Lynham said.
    An Arrow spokeswoman said it had production “challenges” in the Bowen Basin last year, which delayed its proposed gas expansion project and pipeline.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top