Originally Posted by
JBmurc
Blue Energy welcomes green light for Arrow’s Bowen pipeline
Blue Energy Limited (ASX: “BUL”) is pleased to note that the Queensland State
Government has approved Arrow Energy’s Bowen Basin Gas Export Pipeline Licence.
The construction of this pipeline will give potential gas buyers access to Blue Energy’s
Bowen Basin gas reserves and resources.
As reported in yesterday’s The Australian newspaper and the Gladstone Observer,
Queensland’s Minister of Natural Resources and Mines, Dr Anthony Lynham identified
this pipeline as a crucial “missing link” in the gas supply network on the east coast of
Australia.
Commenting on his approval of the pipeline licence, Minister Lynham said “We are
encouraging that pipeline. We want that pipeline to be hooked up because it’s an
important piece of infrastructure that’s been missing.”
The construction of this pipeline will mean that Blue Energy’s Bowen Basin gas,
consisting of Netherland, Sewell and Associates independently certified reserves and
resources, will become available to potential customers in the southern gas market, and
these volumes will play an important role in alleviating the gas shortage in the
manufacturing and domestic markets in Brisbane, Sydney and Melbourne.