Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Key Petroleum executes MOU with Santos for gas processing

Proactive Investors Monday, 11 March 2019
Key Petroleum Ltd (ASX:KEY) has executed a non-binding gas processing memorandum of understanding with Santos Limited and wholly-owned subsidiaries of Beach Energy. The gas processing MOU forms the basis for negotiation of a future formal processing and transportation agreement, allowing raw gas from Key’s Tanbar Gas Project in ATP 924 to be processed into sales gas to supply the east coast Australian gas market. Gas prices have been surging above $10 per GJ in Sydney and between $9 and $10 per GJ in Victoria and Brisbane, with the gas shortage likely to continue and the price likely to remain high. READ: Key Petroleum farms out L7 production licence in Perth basin to Triangle Energy Key Petroleum director Kane Marshall said: “We are delighted to be working with Santos and Beach Energy and this MoU demonstrates a clear pathway to commercialisation of future gas discoveries within our Tanbar Gas Project, subject to final binding terms being agreed. “Importantly there is flexibility for financing of future developments whereby capex intensive gas processing infrastructure may not be required if it can be processed and transported via Santos-operated infrastructure in the manner contemplated by this MOU. “2019 looks set to be a busy year for Key and we look forward to providing our shareholders updates of further developments in relation to each of our Perth Basin and Cooper Basin projects.” “Pleased” with the terms of the MoU Santos and its joint venture partner Beach Energy own gas processing facilities at Moomba in South Australia. Key, Santos and Beach Energy have agreed non-binding indicative terms for gas progressing and transportation services, with the confidential commercial terms forming the basis for the negotiation of a binding agreement to be executed between the parties. Key’s board is pleased with the terms of the MOU which will support potential economic developments of gas discoveries within Key’s Tanbar Gas Project at ATP 924 going forward.
0
shares
ShareTweetSavePostSend
 
Credit: KDKA CBS 2 Pittsburgh - Published < > Embed
News video: Gas Leak Knocks Out Service To Hundreds Of Moon Twp. Residents

Gas Leak Knocks Out Service To Hundreds Of Moon Twp. Residents 01:43

Hundreds of families in Moon Township are without heat and some were forced out of their homes due to a gas leak Saturday; KDKA's Bob Allen reports.

You Might Like


Recent related videos from verified sources

AAA Michigan: Statewide gas prices decline 10 cents [Video]AAA Michigan: Statewide gas prices decline 10 cents

Gas prices in Michigan slipped 10 cents compared to a week ago, AAA Michigan reports.

Credit: FOX 47 News Michigan     Duration: 00:38Published

Whitaker Gas Station Owners Working To Replace Pump Destroyed In Crash [Video]Whitaker Gas Station Owners Working To Replace Pump Destroyed In Crash

The owners of the Gulf Gas Station in Whitaker say they’re working to replace the gas pump destroyed in a Thursday morning crash; KDKA's Meghan Schiller reports.

Credit: KDKA CBS 2 Pittsburgh     Duration: 01:54Published

Columbia Gas Responds To 'Serious' Gas Leak At Andover Home [Video]Columbia Gas Responds To 'Serious' Gas Leak At Andover Home

Columbia Gas responded to an Andover home after a “serious” natural gas leak was reported.

Credit: WBZ CBS Boston     Duration: 00:25Published

Californians Paying Over $4 For 1 Gallon Of Gas For The First Time Since 2014 [Video]Californians Paying Over $4 For 1 Gallon Of Gas For The First Time Since 2014

Gas prices in California are now averaging more than $4 a gallon for regular and drivers are paying the highest gas prices in the past five years. Matt Yurus reports.

Credit: CBS 13 Sacramento     Duration: 00:24Published

Gas Leak Starts Fire on Residential Street in Germany [Video]Gas Leak Starts Fire on Residential Street in Germany

Volunteer firefighters responded to a leaking gas pipe that was belching meter-long flames onto a residential street in Bottrop, Germany, on April 17.The firefighters said that they did not immediately..

Credit: Storyful Studio     Duration: 00:41Published

Colorado Gov. Jared Polis signs local control oil and gas bill [Video]Colorado Gov. Jared Polis signs local control oil and gas bill

Colorado Gov. Jared Polis on Tuesday signed the local control oil and gas bill, SB 181, and pledged that the oil and gas wars in Colorado were over.

Credit: 7News - The Denver Channel     Duration: 22:02Published

Chevron Purchases Rival Anadarko Petroleum [Video]Chevron Purchases Rival Anadarko Petroleum

According to Reuters, Chevron Corporation announced on Friday their plan to purchase smaller rival Anadarko Petroleum Corporation for $33 billion in cash and stock. Chevron expects the acquisition will..

Credit: Wochit Business     Duration: 00:39Published

Chevron To Purchase Anadarko In Oil Megadeal [Video]Chevron To Purchase Anadarko In Oil Megadeal

According to Reuters, Chevron Corporation announced on Friday their plan to purchase smaller rival Anadarko Petroleum Corporation for $33 billion in cash and stock. Oil prices have surged this year and..

Credit: Wochit Business     Duration: 00:39Published


Other recent news in Business

United miles behind as City and LIVERPOOL take title to the wireBlues AFLW skipper Davey joins COLLINGWOOD
Shorten tries to ease big BUSINESS concern
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.