Empire Energy Group Limited (AU:EEG) has released an update.
Empire Energy Group Limited has secured a 10-year deal to supply the Northern Territory Government with up to 25 Terajoules of gas per day from its Carpentaria Pilot Project, starting in 2025, with options to expand if production exceeds expectations. The agreement promises a stable and competitive gas price, tied to the Consumer Price Index, and hinges on the project receiving final investment decisions and regulatory approvals. This engagement is poised to usher in significant economic benefits, including local job creation and direct revenue streams for the Northern Territory.
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