The state-owned utility needs to replace the generation capacity it will lose by closing down all its coal-fired power stations over the next four years.
ASX-listed Triangle Energy owns the majority of the Cliff Head oil field off the Mid-West coast and the Arrowsmith processing plant. It also explores for oil and gas in the Perth basin and overseas.
Triangle Energy has six months to find a viable route to market for oil that now goes to BP Kwinana or its Cliff Head operation could become a liability for the Federal Government.
