AGL secures long-term gas transportation with Eastern Gas Pipeline agreement

AGL Energy Limited (AGL) today announced it has entered into a Gas Transportation Agreement (GTA) with Jemena Eastern Gas Pipeline Pty Ltd (Jemena) to purchase pipeline capacity on the Eastern Gas Pipeline (EGP) over 15 years, commencing in 2016.  This GTA helps underpin the midline compression capacity expansion of the EGP and enabled AGL to secure competitive foundation customer haulage tariffs to NSW and ACT.

The GTA, together with existing contracted pipeline capacities, positions AGL with flexible haulage capability to move contracted Victorian gas to meet customers requirements in the NSW and ACT to at least 2020.

The GTA, together with AGL’s recently announced supply purchasing agreement from the Bass Strait and the development of the Gloucester Gas Project, supports AGL’s commitment to secure supply arrangements for its customers in the NSW and ACT regions well into the next decade.

About AGL

AGL is one of Australia's leading integrated energy companies and is the largest ASX listed owner, operator and developer of renewable energy generation in the country. Drawing on over 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is taking action toward creating a sustainable energy future for investors, communities and customers.