APLNG pens new domestic gas supply deals
Australia Pacific LNG (APLNG) has agreed to supply gas to Australian utilities Energy Australia and Alinta Energy, it said on March 21. The company will supply 0.9 PJ of gas to Energy Australia and 1.2 PJ to Alinta.
APLNG CEO Khoa Dao said the sales contracts were consistent with APLNG’s commitment to supply the domestic market under the heads of agreement and at terms that reflect the recently legislated price cap. In November last year, APLNG signed a gas supply deal with Queensland Nitrates, a producer of ammonium nitrate, for its facility in central Queensland.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
“We are pleased to be able to provide further gas supply for the domestic market and will continue to work with customers to help them secure the gas supply they need for their businesses,” Khoa said. “In addition to these latest gas sales, APLNG provides approximately 130 PJ of gas into the domestic market during 2023 under medium and long-term gas supply agreements that clearly demonstrate our long-standing commitment to the domestic market.”
The Australian government in September last year signed a new heads of agreement with the three east coast LNG exporters - APLNG, QCLNG and Gladstone LNG - to ensure sufficient gas supplies for the domestic market. The Australian parliament on December 15 passed the bill to cap gas prices at A$12/GJ for 12 months and set up a A$1.5bn ($1.03bn) fund to deliver relief directly to electricity bills.
APLNG, a joint venture comprising Origin, ConocoPhillips and China's Sinopec, is Australia’s largest producer of coalbed methane (CBM) and supplies gas to Queensland’s domestic gas market, while also processing CBM into LNG for exports.