Take-or-pay model faces $750m Queensland test

摘要

the controversial 'take-or-pay model' for developing coal infrastructure faces another stiff test in Queensland, with the 27mt/yr first stage of the new WICET (Wiggins Island) terminal at Gladstone targeting an operational start within a year. With crimped coal prices challenging met and thermal projects planned by WICET's shareholder/customers - including Glencore, Curragh, Yancoal, Aquila, New Hope and Cockatoo - a large chunk of slated new Queensland coal supply to 2020 is at risk.