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BRIEF-Viva Energy Expects To Get $19.6 Mln From Federal Govt For Geelong Refinery For Q1

Published 27/04/2021, 09:08 am
© Reuters
VEA
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April 27 (Reuters) - Viva Energy Group Ltd VEA.AX :

* QTRLY TOTAL GROUP PRODUCTION 3,030 ML, DOWN 17%

* REFINING ENVIRONMENT REMAINS CHALLENGING, BUT CO WORKING WITH FEDERAL GOVERNMENT ON LONG-TERM FUEL SECURITY PACKAGE

* HAS ALSO DEFERRED ALL NON-ESSENTIAL REFINING CAPITAL EXPENDITURE TO SECOND HALF OF 2021

* NOW EXPECTS TO GET ABOUT $19.6 MILLION FROM FEDERAL GOVERNMENT TEMPORARY REFINERY PRODUCTION PAYMENT PROGRAM FOR 1Q

* CONTINUES TO MAKE MEANINGFUL PROGRESS TOWARDS DEVELOPMENT OF ENERGY HUB

* GAS TERMINAL PROJECT PROGRESSING THROUGH FEED STAGE AND REMAINS ON TRACK TO MOVE TO FID IN H1 2022

* QTRLY GEELONG REFINING MARGIN US$5.9/BBL VERSUS US$2.7/BBL

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