AGL Energy Limited (AGL) today announced it has entered into a new Gas Supply Agreement (GSA) with BHP Billiton Petroleum (Bass Strait) Pty Ltd for 78 petajoules (PJ) of natural gas from the Gippsland Basin, Victoria. The GSA is for a period of 3.25 years, commencing April 2020.
The GSA will support AGL’s continued supply of its New South Wales and Victorian gas customers.
AGL remains committed to securing cost-competitive gas supply for its customers from the domestic market where it is available and new gas supply from international markets through its proposed AGL Gas Import Jetty Project.
AGL is committed to helping shape a sustainable energy future for Australia. We operate the country’s largest electricity generation portfolio, we’re its largest ASX-listed investor in renewable energy, and we have 3.6 million customer accounts. Proudly Australian, with more than 180 years of experience, we have a responsibility to provide sustainable, secure and affordable energy for our customers. Our aim is to prosper in a carbon-constrained world and build customer advocacy as our industry transforms. That’s why we have committed to exiting our coal-fired generation by 2050 and why we will continue to develop innovative solutions for our customers.