Australia Pacific LNG Executes New Domestic Gas Supply Agreements
03.19.2024 By Tank Terminals - NEWS

March 19, 2024 [Australia Pacific LNG]- Australia Pacific LNG has sealed two new gas sale agreements, solidifying its commitment to the domestic market by supplying a total of 11.2PJ to energy retailers Origin and Shell Energy. These agreements boost Australia Pacific LNG’s contribution to the domestic market for the 2024 calendar year to over 150 PJs.

The completion of these agreements marks the conclusion of Australia Pacific LNG’s Expression of Interest process, through which an additional 70 PJ of gas was offered to the East Coast domestic market for supply between April 1 and December 31, 2024.

Khoa Dao, chief executive officer, highlighted the significance of the EOI process in demonstrating Australia Pacific LNG’s dedication to ensuring ample supply in the domestic market. He emphasised the importance of supplying additional gas volumes during the winter period, when demand typically peaks.

The EOI process was conducted in accordance with Australia Pacific LNG’s commitments under the Federal Government’s Heads of Agreement and Gas Market Code of Conduct, reaffirming the company’s adherence to regulatory standards and industry best practices.

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