Empire Energy signs gas sales, transportation MoU
Australian oil and gas producer Empire Energy has executed a gas sales and transportation memorandum of understanding (MoU) with Northern Territory government-owned Power and Water Corp., it said on November 1.
Power and Water is the state’s largest provider of gas, electricity networks, water and sewerage services. It buys gas from producers for onward supply to electricity generators and major gas users across northern Australia.
The MoU is in relation to gas to be produced from Empire's Northern Territory assets following the award of production licenses, including EP187 and newly acquired Western Beetaloo tenements, and transportation services for gas delivered from EP187, the company said. Empire did not disclose the value of the deal or the volume of gas that will be supplied.
“The execution of the MoU aligns with Empire's commercialisation strategy for its Beetaloo sub-basin assets,” it said.
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