Over the next three years, AGL will purchase up to 198 petajoules (PJ) of natural gas from Bass Strait in a new Gas Supply Agreement with Esso Australia Resources and BHP Billiton Petroleum (Bass Strait).
The Esso Australia — BHP Billiton contract commences in January 2018 providing a continuation of gas supply from Bass Strait.
The GSA, which incorporates an oil linked pricing component, has enabled AGL to secure competitively priced gas supply until 2020 for its 1.5 million residential and small business gas customers.
AGL’s gas portfolio now has sufficient Queensland sourced supplies to release 30 to 50 PJ per annum for sale into the the high value Queensland market between FY18 and FY20.
