Central Petroleum Commissions Dingo Gas Project
Central Petroleum has commissioned the Dingo Gas Project pipeline and plant in Northern Territory and the necessary regulatory approvals to operate have been obtained.
The project was completed ahead of schedule and 10% below budget which also satisfies the company’s requirements to have a physical connection to the Owens Springs Power Station ready in order to deliver gas under the Gas Sales Agreement, the company said.
Actual physical Dingo gas sales will commence as soon as the customer’s engineering and tie-in to the company’s delivery point at Owen Springs Power Station has been completed.
Cost of the 43km pipeline averaged approximately $50,000/inch/km whilst current Australian industry average is around $80,000/inch/km, Central said.