MELBOURNE – ExxonMobil Australia today announced that its subsidiary, Esso Australia Resources Pty Ltd, and BHP Billiton Petroleum (Bass Strait) Pty Ltd – which make up the Gippsland Basin joint venture – have executed an agreement for the sale of natural gas to AGL Energy Limited.
The agreement will supply up to 198 petajoules of gas from the Gippsland Basin joint venture over a three-year period starting in January 2018.
The Gippsland Basin joint venture continues to demonstrate that it is playing an important role in meeting gas supply requirements of large industrial and wholesale customers on the east coast said ExxonMobil Australia Director of Gas Marketing, Stu Jeffries.
“With this agreement, we have now sold significant quantities of gas from 2018 onwards,” Jeffries said. “This agreement demonstrates that the east coast gas market is functioning effectively.”
ExxonMobil Australia Chairman, Richard Owen also highlighted how recent developments in Bass Strait were helping meet future gas demand on the east coast.
“The ExxonMobil Australia-operated Kipper Tuna Turrum Project is the largest domestic gas development on the eastern seaboard,” Owen said. “Production from this project is helping maintain current gas production levels from Bass Strait, which has been producing for nearly 45 years.”
ExxonMobil Australia is this country’s oldest petroleum company, operating since 1895. Esso Australia Resources Pty Ltd operates the Gippsland Basin Joint Venture on behalf of a 50-50 joint venture with BHP Billiton Petroleum (Bass Strait) Pty Ltd. Learn more about us at www.exxonmobil.com.au.
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