South32 secures more gas for Cannington
PERTH (miningweekly.com) – Diversified miner South32 has secured gas for its Cannington base metals operation, in Queensland, extending gas supply agreements (GSAs) with ASX-listed Central Petroleum and New Zealand Oil and Gas.
New Zealand Oil & Gas on Thursday announced that it would extend its current GSA with Cannington by another 12 months from the Mareenie joint venture (JV), which also includes Macquarie Mareenie, Central Petroleum and Cue Mareenie.
Up to a total of 146 PJ of gas will be supplied from the Mareenie JV to South32 in 2025.
The gas sales agreement is for firm gas supply, with take-or-pay provisions and at a fixed price. Pricing for the gas has been renegotiated and reflected the strong market conditions.
“We are delighted to extend our relationship with South32 and continue our supply of gas to eastern Australian markets at this time of market uncertainty and supply shortages,” said Central Petroleum MD and CEO Leon Devaney.
The extension of the GSA is conditional on transportation agreements being finalised by the end of June next year.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation