Business
What’s moving the Beach Energy (ASX:BPT) share price today?
The Beach Energy Ltd (ASX: BPT) share price is up slightly in morning trade, after the company announced yesterday that its joint venture with Mitsui & Co. has made a final investment decision (FID) for the Waitsia Gas Project stage 2 development in Western Australia.
This decision reportedly comes after two years of the Beach Energy and Mitsui & Co. teams working to deliver this outcome.
At the time of writing, Beach Energy share price is up 1.75% to $1.86 per share.
What are the details of the decision?
The Waitsia gas field is ranked as one of the top 5 largest onshore gas fields ever discovered in Australia. The proposed new production facility in stage 2 will lift output to 250 terajoules of natural gas each day.
The second…
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