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Richard Cottee speaking at the Australian Energy Week on “Overcoming the raft of challenges facing domestic gas markets in order to deliver an affordable and secure gas supply”.
Macquarie Group does not often fail to get its way. But the runes of protest are pointing to the upset of the Millionaire Factory’s plans to capture value from the east coast gas supply crisis by taking control of the Northern Territory junior Central Petroleum.
Source: The Australian Financial Review – Wednesday, 21 June 2017
The fate of Macquarie Group takeover target Central Petroleum has become an increasing complex bellwether of the national progress towards a solution for our on-again, off-again national gas crisis.
Source: The Australian Financial Review – 16 June 2017
The GMRG has effectively offered ice cream to the Australian manufacturers on death row which, while better than no ice cream, does not alter their fate. The combined effect of not biting the bullet on asset valuation methodology and capacity being locked up by incumbents means NT gas, whether new offshore or existing onshore, will struggle to mitigate the economic carnage visited upon Australian manufacturers and their often unionised workforce as their products will soon be sourced offshore.
Source: NT News – Wednesday, 14 June 2017
Territorians have been left with $50 million of gas they will not use after the Power and Water Corporation was outsmarted in a supply deal.
…Central, like so many others not on the prime ministerial gas crisis guest list, should have been invited to the executive gathering later this week that will see Turnbull and his Energy Minister, Josh Frydenberg, attempt to find answers to the nation’s present and future gas “crisis”.
The managing director of domestic Australian gas supplier Central
Petroleum expects investment bank Macquarie will make another offer
to buy the company.
Source: The Australian Financial Review – 11 November 2015