Saturday, January 23, 2021

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Blue Energy: Signs 10-year gas supply deal with EnergyAustralia

  • 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

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