Monday, February 25, 2013

Sleeping giants square off in gas wars | Perth Now

Sleeping giants square off in gas wars | Perth Now:
 Some of the biggest international energy companies are watching developments very closely, while some, like Mitsubishi Corporation and ConocoPhillips, are already funding the work of local exploration companies, which are themselves takeover targets.

If the proposed gas hub is built at James Price Point, the value of Perth-based Canning Basin explorers Buru Energy and New Standard Energy will soar. Experts say James Price Point would be logical as an export hub for onshore gas producers. Why pipe the gas to the Pilbara when there's a hub on your doorstep?

Premier Colin Barnett acknowledged as much last month when interviewed by The Sunday Times about James Price Point. His vision is for the gas from the Canning Basin to be processed and exported from the precinct, alongside that from the Woodside Petroleum-led joint-venture.

1 comment:

  1. A bit sus all this "good news" for the gas hub all of a sudden,and just before the election.

    "Experts say James Price Point would be logical as an export hub for onshore gas producers. Why pipe the gas to the Pilbara when there's a hub on your doorstep?"

    Why build a gas hub in the Kimberley when there's two at the Burrup that need gas?

    So far all the planned pipelines are heading for Karratha.

    Duplication = Waste.

    Just saying.

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