More positive coverage here. Key points and some comments from RC:
- "IPL is continuing to assess options for sourcing gas for Gibson Island for calendar years 2020 and 2021."
- The company also said the new agreement will increase manufacturing costs by about $50 million in the 2019 financial year.
- CTP managing director Richard Cottee said the company will supply 32 terajoules of Central Australian gas per day to the Gibson Island project.
- Mr Cottee said the new deal means Central Petroleum will reopen its mothballed plant at Palm Valley in Central Australia.
"We've always maintained that Palm Valley was closed down not for lack of gas, but for lack of markets, and the advent of the Northern Gas Pipeline has meant that we have markets for the east coast of Australia."
