Origin Inks Gas Supply Deal with Gladstone LNG

Origin Energy Limited has inked a deal to supply gas to Gladstone LNG.

Under the terms of the agreement, Origin will supply GLNG with 365 petajoules (PJ) of gas or 100 terajoules (TJ) per day over 10 years at Wallumbilla, commencing in 2015. The gas will be sourced from Origin’s east coast portfolio.

Origin has a substantial reserves position with access to more than 2,500 PJe of contract rights and uncontracted 3P equity gas reserves. Origin also possesses gas development options on Australia's east coast including Ironbark (Queensland) and Halladale/Blackwatch (Victoria).

GLNG is a joint venture between Santos, Petronas, Total and KOGAS, developing a project which will process coal seam gas (CSG) into liquefied natural gas (LNG). The project will produce 7.8 million tonnes per annum of LNG for export to Asia.