AGL announced on 4 February 2016 that following a review, it has taken a strategic decision that exploration and development of upstream gas assets will no longer be a core business for the company due to the volatility of commodity prices and long development lead times.
The Gloucester Gas Project will not proceed and AGL will commence an extensive decommissioning and rehabilitation program for its well sites and other infrastructure in the Gloucester region.
AGL has established a $2 million Independent Trust Fund and will work with the Gloucester community to identify investment options to deliver ongoing economic benefit to the region and its communities.
AGL is committed to understanding the impacts of our projects and ensuring that the concerns of community members and other stakeholders are addressed wherever possible.
View archived CCC documents from the Gloucester Gas Project here.
The Gloucester Community Investment Program forms part of AGL’s commitment to support the local community.
There are two funding rounds – August and February. Donations, sponsorships or community development programs must benefit the community, develop local capacity and be sustainable into the future.
The guidelines and application form can be accessed here: Gloucester Gas Project Community Investment Program - Application Kit (6.5MB)
For further information please contact Karyn Looby on 1300 799 716 or email Karyn.Looby@agl.com.au.
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