Origin Energy Limited
(ASX:ORG) has announced a new long term gas supply agreement with Hong Kong Listed global resources company MMG Limited (HKG:1208).
Under the terms of the agreement, Origin will supply MMG with gas for existing developments in north-west Queensland over a seven year period for an undisclosed amount.
The energy company says the gas will be sourced from its east coast fuel portfolio.
Origin’s chief says the deal signals its ability to benefit from the anticipated rise of gas demand in eastern Australia.
Origin Energy reported a net profit of $1.05 billion for the 2012 financial year.
