Australian Domestic Gas Outlook Conference Presentation
Sydney, Mar 26, 2024 AEST (ABN Newswire) - APA Group (
ASX:APA) and Empire Energy Group Ltd (ASX:EEG) have executed an agreement for the establishment of midstream gas infrastructure furthering the memorandum of understanding announced by Empire on 27 October 2021.
APA will spend up to A$5 million under a proposed early works agreement on Engineering and Design Concepts for midstream gas facilities associated with Empire's Carpentaria Pilot Project, which would materially reduce the capital requirements for Empire to commence commercial production.
APA and Empire are also working on open-access pipeline concepts to transport large volumes of gas from the Beetaloo to Australian east coast markets (in excess of 500 TJ/d / 476 mmcf/d). The leading concept considers the potential construction of a new pipeline connecting the Beetaloo to APA's existing Carpentaria Gas Pipeline between Mount Isa and Ballera (Queensland).
Negotiations with NT Government owned utility Power and Water Corporation under the existing MOU are advancing to facilitate access to the McArthur River Pipeline.
Empire is currently in active gas sales negotiations with multiple parties for supply of gas in both the pilot phase and full development phase.
To view the Presentation, please visit:
https://abnnewswire.net/lnk/QXL3KM4G
About Beetaloo Energy Australia Limited
Beetaloo Energy Australia Limited (ASX:BTL) (OTCMKTS:EEGUF) holds 28.9 million acres of highly prospective exploration tenements in the McArthur Basin and Beetaloo Sub-basins, Northern Territory. Work undertaken by the Company since 2010 demonstrates that the Eastern depositional Trough of the McArthur Basin, of which the Company holds around 80%, has enormous conventional and unconventional hydrocarbon potential. The Beetaloo Sub-basin, in which Beetaloo Energy holds a substantial position, has world-class hydrocarbon volumes in place and a ramp up in industry activity to appraise substantial discoveries already made by major Australian oil and gas operators is ongoing.
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