Arafura Resources Limited (AU:ARU) has released an update.
Cue Energy Resource has inked pivotal six-year gas sales agreements with the Northern Territory Government for gas supplies from Mereenie and Palm Valley fields, ensuring energy security from 2025 to 2030. These agreements, which include take-or-pay provisions and CPI-escalating prices, are set to mitigate risks associated with Northern Gas Pipeline closure and stimulate further investment in new wells. Cue’s commitment to supplying gas upholds the Amadeus gas fields’ crucial role in the region’s energy landscape.
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