Cue Energy Resources Limited (AU:CUE) has released an update.
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Cue Energy Resources Limited has announced a new partnership through its joint venture in the Mereenie gas field, securing an as-available gas supply agreement with Power and Water Corporation for the Northern Territory until the end of 2024. The deal comes amid fluctuating gas production levels in the region, with expectations that the Mereenie field’s output may increase in the coming months due to expected declines in alternative gas supplies. This agreement signifies Cue Energy’s strategic positioning to meet the Northern Territory’s gas demand using its onshore production capabilities.
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