AGL Energy secure Gippsland gas supply agreement

Company News

by Rachael Jones

AGL Energy (ASX:AGL) today announced it has entered into a new Gas Supply Agreement with BHP Billiton Petroleum for 78 petajoules (PJ) of natural gas from the Gippsland Basin in Victoria.

The GSA is for a period of 3.25 years, commencing starting next April.

The this new gas supply agreement will support AGL’s continued supply of its New South Wales and Victorian gas customers.

AGL also hopes to get new gas supply from international markets through its proposed AGL Gas Import Jetty Project.

Shares in AGL Energy (ASX:AGL) trading 0.1 per cent lower at $22.14.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.