- Blue Energy (BLU) has entered a non-binding deal with EnergyAustralia to supply 100 petajoules of gas over 10 years from the Northern Bowen Basin in Queensland
- Importantly, this deal supports the proposed gas pipeline from the North Bowen Basin into the Wallumbilla hub
- The proposed pipeline will also allow gas from that part of the basin to be fed into the east coast market
- Managing Director, John Phillips, also says the government’s acknowledgment of the North Bowen Basin’s gas potential is highly encouraging
- The ATP814 permit has assessed by NSAI to contain 3248 petajoules of contingent resource around Moranbah
- Company shares are up 23.2 percent and are trading at 6.9 cents
