Monday, 12 December, 2022 - 10:55
Empire NT gas play eludes government price cap
Amidst new legislation aiming at curbing surging energy prices on the east coast, Empire Energy’s Beetaloo sub-basin gas assets in the Northern Territory have been made exempt from a temporary domestic price cap of $12 a gigajoule. The 12-month ceiling targets producers with new domestic wholesale gas contracts, however the directive only applies to in-operation gas fields – leaving Empire’s undeveloped holdings unaffected.