Westside signs gas sales agreements
Queensland-based gas producer Westside on June 1 announced gas sale agreements (GSAs) with Alinta Energy and CleanCo Queensland, totalling 5.84 petajoules (PJ) over three years.
Under the agreement with Alinta Energy, Westside and its joint venture partner, Mitsui, will deliver a total of 3.65 PJ in calendar years 2022 and 2023.
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CleanCo Queensland will purchase a total of 2.19 PJ of gas over 2023 and 2024 to fuel Swanbank E, its 385 MW gas-fired power station near Ipswich in southeast Queensland.
The gas will be sourced from Westside-operated Greater Meridian fields in Queensland’s Bowen basin, which currently support average daily production of 39 terajoules (TJ) on a gross basis.
Westside has secured separate gas transportation agreements with Jemena to deliver the purchased gas to Queensland’s central gas hub at Wallumbilla.
Westside CEO Matt Wallach said the new agreements would diversify the company’s customer base and pricing mix.
“With a strong record of production growth and reliable delivery, Westside has emerged as a significant gas producer,” he said. “Through these GSAs we’re pleased to be contributing to increased supply to the domestic east coast market, in line with government policy objectives.”
Peak industry body Appea in a separate statement issued on June 2 said that the agreements are further proof that the industry continues to deliver for the Australian economy.
“There have been more than 100 local GSAs since December 2012. This agreement will mean Swanbank E can keep running and continuing to play its key role in ensuring the ongoing reliability and stability of Queensland’s electricity network,” Appea CEO Andrew McConville said.