"Juniors in quest to snare east coast gasKey points
Central Petroleum aims to more than triple gas from fields near Alice Springs.
Central’s Richard Cottee says the gas shortage is only going to be worse in three years."
The article talks about Mereenie and Palm Valley .
RC said that the gas shortage is only going to be worse in three years,’describing Central as ‘‘a bet on the domestic gas market: there are few alternatives available, while the infrastructure is there’’.
He described the spare capacity in the Northern Gas Pipeline as a ‘‘pretty nice free option’’ for Central given the NT’s moratorium on fracking, which has prevented unconventional gas being extracted.
Today's Fin Review....
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