Origin agrees new gas supply deal for 2018

Origin Energy signed an agreement to buy up to 14 petajoules (PJ) of gas from the Casino Henry joint venture in 2018 to meet the needs of the domestic market through the winter. 

The nine-month agreement will commence in March 2018 and run through to the end of the year, providing additional gas to feed Origin’s portfolio, the company said on Thursday.

Origin has agreed to purchase 100 percent of output from the joint venture, which is expected to produce up to 14 petajoules of gas next year from the offshore Casino, Henry and Netherby fields in the Otway Basin.

Origin has now secured an additional 69 PJs of gas for 2018, including Casino Henry, 15 petajoules of gas from GLNG signed earlier this week and 41 petajoules from Australia Pacific LNG agreed last month.

Origin executive general manager energy supply and operations, Greg Jarvis said, “gas producers and retailers on the east coast continue to answer the call to bring more gas to the market to provide the secure supply and help put downward pressure on prices for the households and businesses that rely on gas each day.”