AUSTRALIA

NT nabs domestic Dingo gas

NASDAQ-listed Magellan Petroleum Corporation has struck a deal with the Northern Territory Power and Water Corporation for the long-term supply of gas from the Dingo field.

Bianca Bartucciotto

The 20-year contract will supply up to 30 billion cubic feet of gas to PWC on a take-or-pay basis. Supply is set to start in early 2015 at a fixed, undisclosed price, escalating with the Australia consumer...

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