Australia's Blue Energy to supply 300 petajoules of gas to AGL Energy (updated)

AGL Energy

12/02/2024 23:11

(Updates with detail on gas supply contract in paragraph 2 and
managing director comment in paragraph 3)
       Feb 13 (Reuters) - Australian oil and gas explorer Blue
Energy  BLU.AX  on Tuesday agreed to supply up to 300 petajoules
(PJ) of gas to AGL Energy  AGL.AX  for over a 10-year period.
    The gas will be supplied from Blue Energy's Northern Bowen
Basin coal seam gas tenure. The annual contract value is for the
supply of between 20 to 30 PJ, starting in 2028.
        "A new gas pipeline connection of the large North Bowen
Basin gas resources to the east coast market will provide long
term abundant, reliable gas supply," Blue Energy Managing
Director John Phillips said.
  


 (Reporting by Adwitiya Srivastava in Bengaluru; Editing by Alan
Barona)
 ((Adwitiya.Srivastava@thomsonreuters.com;))