KEYFACT Energy
Central Petroleum has announced an agreement with Australian Gas Infrastructure Group (AGIG) to advance planning for a new, major 950km gas pipeline from the Amadeus Basin in the NT to the Moomba Gas Hub in SA.
The new pipeline promises to improve supply certainty to the east coast markets and creates the opportunity for Central to expand production from its NT onshore gas fields.
"The implications of the AMGP project are huge, not just for Central and the NT, but for the entire east coast gas market. The pipeline efficiently connects significant known conventional gas reserves from proven producing fields to east coast demand centres from 2024 which is forecast to have gas supply shortages,” said Leon Devaney, Central’s Managing Director and CEO.
KeyFacts Energy: Central Petroleum Australia country profile