Cooper Energy and AGL Energy have entered into a new gas sales agreement for the supply of developed and uncontracted gas volumes.
The agreement if for gas volumes sourced from the existing Casino, Henry and Netherby wells in the Otway basin.
Effective from 1 January 2022, the new agreement has been amended from the existing sales agreement, with pricing consistent with the ACCC’s July 2021 Gas Inquiry Interim Report range of $6-8/GJ for contracted gas supply.
The Sole gas field agreement has also been amended so the annual contracted quantity is reduced from 12 PJ/year to 6 PJ/year and the term extended by two years to 31 December 2030.
Cooper Energy Managing Director David Maxwell said the new gas sales agreement with AGL is a demonstration of the company’s flexible gas portfolio and a testament to its commitment to future growth.
“The new gas sales agreements are a further illustration of Cooper Energy taking decisive action to increase certainty and position the company for further growth,” Mr Maxwell said.
For more information visit the Cooper Energy website.