Central Petroleum Limited (AU:CTP) has released an update.
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Central Petroleum Limited has announced the full capacity sale of its Mereenie gas field to the Power and Water Corporation, with an Expression of Interest for further gas supply up to 2030, potentially covering two-thirds of the Northern Territory’s gas needs. The company is poised to secure its position as a reliable energy provider amid forecasted gas shortages in the region, offering a stable alternative to other supply sources. Central aims to use the transparent EOI process to address the imminent gas supply uncertainty and strengthen the long-term reliability of the Northern Gas Pipeline.
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