shareholder revolt at ctp, page-22

sorry 30%, hit an extra 0.

The Clarence-Moreton basins need CSG or else, so this is good for ROG getting the approval

NSW energy consumers - already stung by soaring power costs - face the prospect of gas prices trebling in the next five years as the state's supplies run out.

An independent report to the state government has warned that, unless controversial coal seam gas deposits in Camden, Gunnedah and the Clarence-Moreton basins were developed, there would not be enough supply to meet demand by the end of 2014.

Suppliers would be forced to source gas supply from interstate, which would significantly drive up the prices from the start of 2015.

The report prepared by independent research firm, Wood Mackenzie, found that NSW was "highly exposed" to gas shortages. "Without more CSG supply, it will need to secure gas from other states, and this is far from guaranteed," the report states.