The agreement would see Blue supply EnergyAustralia with 100 PJ of gas at Wallumbilla over a 10-period from ATP814 in Queensland, marking the first agreement that would allow North Bowen Basin gas to be delivered to the east coast domestic market.
Blue said the gas will help contribute to underpinning the proposed gas pipeline from the North Bowen Basin into the Wallumbilla gas hub.
The company’s permit has been independently assessed to contain 3,248 PJ of recoverable resource around Moranbah, and Blue said there is also 71 PJ of 2P reserves and 298 PJ of 3P reserves in other areas of the basin close to existing gas infrastructure.
“It is very encouraging to see that the acknowledgement by the Federal and Queensland Governments of the gas potential in the North Bowen Basin has given gas buyers the confidence to seek secure long-term gas supply agreements for gas from this under-developed producing basin,” said Blue Managing Director John Phillips.
For more information visit the Blue Energy website.
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