https://www.miningweekly.com
Gas|Oil And Gas|Oil-and-gas|Petroleum
Gas|Oil And Gas|Oil-and-gas|Petroleum
gas|oil-and-gas|oilandgas|petroleum

South32 secures more gas for Cannington

21st September 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Diversified miner South32 has secured gas for its Cannington base metals operation, in Queensland, extending gas supply agreements (GSAs) with ASX-listed Central Petroleum and New Zealand Oil and Gas.

New Zealand Oil & Gas on Thursday announced that it would extend its current GSA with Cannington by another 12 months from the Mareenie joint venture (JV), which also includes Macquarie Mareenie, Central Petroleum and Cue Mareenie.

Up to a total of 146 PJ of gas will be supplied from the Mareenie JV to South32 in 2025.

The gas sales agreement is for firm gas supply, with take-or-pay provisions and at a fixed price. Pricing for the gas has been renegotiated and reflected the strong market conditions.

“We are delighted to extend our relationship with South32 and continue our supply of gas to eastern Australian markets at this time of market uncertainty and supply shortages,” said Central Petroleum MD and CEO Leon Devaney.

The extension of the GSA is conditional on transportation agreements being finalised by the end of June next year.

Edited by Creamer Media Reporter

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.118 0.162s - 113pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: