Australia Pacific LNG pens new domestic gas deal

Australia Pacific LNG, the operator of the 9 mtpa LNG export facility on Curtis Island near Gladstone, has signed a deal to supply additional gas to the domestic market.

According to a statement by APLNG, the producer has signed a contract to extend the supply of gas to mining and infrastructure solutions provider Orica to 2025.

Orica produces explosives, blasting systems, and mining chemicals used to mobilize the earth’s resources.

Under the contract, APLNG will supply an additional 2.92PJ of gas in 2025.

APLNG’s CEO Khoa Dao said the agreement was a “further demonstration of Australia Pacific LNG’s commitment to supplying the east coast gas market.”

Orica’s current contract was struck as a result of tenures granted to APLNG that included domestic supply conditions specifically focused on supporting manufacturing.

At the end of 2023, APLNG contributed over 142 PJ of supply to the domestic market and expects to supply a further 151 PJ in 2024.

In 2022, US energy giant ConocoPhillips completed the purchase of an additional 10 percent shareholding interest in APLNG from Origin Energy for about $1.64 billion.

ConocoPhillips has a 47.5 percent share in the project but it also operates the LNG export facility on Curtis Island and the export sales business.

Origin Energy operates APLNG’s gas fields and holds a 27.5 percent share, while China’s Sinopec owns a 25 percent share in APLNG as well.

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About Stu Turley 3386 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.