Australians use natural gas every day – in our homes, businesses and communities. Natural gas from coal seams supplies over 35% of eastern Australia’s gas needs and is a safe and reliable energy source.
AGL’s Camden Gas Project, which has been safely operating since 2001, produces natural gas from coal seams, meeting approximately 5% of the gas needs of NSW.
For more than 175 years, AGL has grown with Australia, developing safe, sustainable and reliable energy from a range of sources. AGL has more than 1,400,000 business and residential gas customers and is confident of securing a cost-competitive gas supply for its customers. AGL is a long term contractor of gas and manages seasonal demand via its gas storage facilities.
In February 2016, AGL announced the strategic decision that exploration and production of natural gas assets will no longer be a core business for the company due to the volatility of commodity prices and long development lead times.
AGL will not proceed with the Gloucester Gas Project and will cease production at the Camden Gas Project in South West Sydney in 2023, twelve years earlier than previously proposed.
AGL will commence an extensive decommissioning and rehabilitation program for its well sites and other infrastructure in the Gloucester region. The Camden site and wells will be progressively decommissioned and the sites rehabilitated.
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