AGL Energy Online
Log in
Log in
  |  
Register

Community

700_225 Community 3

Review of gas assets and exit of gas exploration and production

On 4 February 2016, AGL announced it 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. Resulting impairments for both projects have included additional provisions ensuring rehabilitation costs have been appropriately provided for.

AGL completed the business case for the Gloucester Gas Project which incorporated disappointing gas flow data from the Waukivory Pilot wells and economic modelling of the gas resource. Unfortunately, the economic returns to support the investment of approximately $1 billion were not adequate. Consequently, in the interest of AGL's shareholders and customers, this is the most responsible course of action.

AGL will relinquish its Petroleum Exploration Licence for the Gloucester region (PEL 285) to the NSW Government and has commenced a comprehensive decommissioning and rehabilitation program for its well sites and other infrastructure in the Gloucester region.

AGL has established a $2 million Independent Community Legacy Fund and continues to work with the Gloucester community to identify investment options to deliver ongoing economic benefit to the region and its communities.

ASX Release: 4 February 2016

At AGL, we’re developing relationships with the local communities where we work.

We help local families and businesses by providing special rates for electricity, and helping communities use energy more efficiently. We’re also supporting local initiatives and helping local schools and community organisations where we can.

AGL: Benefiting local communities and economies

In addition to helping meet the state’s gas needs, being a good neighbour and making positive contributions in the communities in which we operate is important to us. So, engaging locally is key to the work we do.

AGL Lakeside Pavilion

The AGL Lakeside Pavilion at the Australian Botanic Garden, Mount Annan, was funded by AGL as a thank you to the people of the Macarthur community. It was built in partnership with the Australian Botanic Garden, Mt Annan. This beautifully designed, modern pavilion, which was made from sustainable and recycled materials, took approximately nine months to construct and was officially opened on Saturday 23 November 2013. With complete 360 degree views of the stunning garden and lakeside, the AGL Lakeside Pavilion is available for the local community to enjoy, and can also be hired for private functions and special occasions. The Pavilion was built in partnership with the Australian Botanic Garden, Mount Annan and is located near the stunning Connections Garden within the Garden’s Central precinct. 

IMG2960 700w

Community events

AGL recently attended the Camden Show to share information with the local community, answer questions about our projects and provide energy saving tips. Our local teams often have a presence at community events and attend local organisations and community groups to talk about our operations and activities.

Community Consultative Committees

AGL establishes Community Consultative Committees (CCC) or Community Dialogue Groups (CDG) in the areas where we work. These Committees include local community members and enable AGL, local businesses and members of the local community to share ideas, provide feedback and learn more about our projects and broader AGL activities. Members act as a channel to assist AGL in improving communication, education and notification within the local community, and ask questions and gather information about AGL’s operations on the community’s behalf.

View information about the Camden CCC and read the minutes from meetings in the project document library here: Camden Gas Project.

View archived CCC documents from the Gloucester Gas Project here: Gloucester Gas Project.

 

Q:

A:

View All FAQs
×
×
< >

Download for Web | Print

×

Your web browser is not supported

AGL.com.au works with a wide range of browsers and mobile devices. However, if you'd like to use many of our latest features, please upgrade to a fully supported browser.

Find the latest versions of our supported browsers below...

Browser Company
Download Chrome Google
Download Firefox Mozilla
Download Internet Explorer Microsoft
Download Safari Apple
×