Cyclone damage shuts Jadestone's Stag oil field off WA
The London-listed company may not have fully disclosed to the regulator the full extent of damage to its field off the Pilbara coast.
The Dampier to Bunbury Natural Gas Pipeline owned by the Australian Gas Infrastructure Group, a subsidiary of Hong Kong-based CK Infrastructure Holdings, has transported gas from the Pilbara to the South West of WA since 1984.
Santos' Varanus Island is not producing gas. Nor are the shuttered North West Shelf and Wheatstone plants.
As Asia scrambles for gas, another Australian gas export plant is out of action, and the WA Government monitors the situation to ensure sufficient fuel for the state.
WA's competition regulator has accepted that competition from renewable energy will shrink the economic life of the Dampier to Bunbury gas pipeline by more than three decades.
With $194 million at stake the owner and users of WA's biggest gas pipeline are promoting vastly different views of the future of gas.
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