It's one year firm plus option for extension. I suspect because this is an interim measure and they are planning on switching to the Qld acreage to supply Gibson, which will cut out four different pipeline tolls. The APA announcement about this says the gas is going from Mereenie all the way to Brisbane, not Phosphate Hill. Phosphate Hill is already supplied by PWC and the contract is for a decade.
CTP Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
