CTP 1.92% 5.1¢ central petroleum limited

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  1. 2,299 Posts.
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    How would CTP gas go past Mt Isa, Justin?  

    The backhaul advantage is IPLs, as they switch contracted gas obtained upstream from Ballera/Wulumbilla to Gibson Island instead of Mt Isa - reducing their exposure to the expensive spot market.  They are a very motivated customer and likely agreed a good price for CTP's gas. 

    APA would like gas to go up CGP, instead their volumes to Brisbane rise so they still make a dollar.  Interestingly, as of right now, the AEMO page shows 8Td/daty travelling north up CGP and 25Tj/day travelling WEST on SWQP.  So Brisbane is currently being supplied from Woleebee Creek.  Who is backhauling what to whom?

    A pipeline network with many suppliers and many customers is a beautiful thing.

    Ash 
 
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