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State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is pleased to provide an update on the sale arrangements for gas produced from its Rolleston West (ATP 2062) project in the southern Bowen Basin.
Shell has raised its gas purchase from Denison Gas Ltd. to 5.503 petajoules a day.
Australian oil and gas producing firms Santos and Denison Gas have secured new gas exploration permits in proven gas fields of Queensland.
Jemena will undertake a pre-FEED study to build and operate a gas pipeline from the Mahalo North gas project to Jemena's Queensland Gas Pipeline (QGP).
Approvals, access to finance and state gas bans are holding back dozens of gas projects needed to stave off a shortfall, and the problem has been worsened by the gas market intervention.