Archived News for Energy Sector Professionals - May, 2012
Origin Energy has signed an agreement with the Santos-led Gladstone LNG (GLNG) project with 365 petajoules of gas across 10 years from 2015: about 7 per cent of its gas requirements.
The sale is estimated to be valued at $3 billion.
Origin Managing Director, Grant King said, “The gas sales agreement with GLNG will deliver significant value to Origin, opening an export channel to market for our legacy fuel reserves and allowing a more rapid monetisation of the resource in line with international oil-linked pricing.
NSW Senate publishes inquiry into CSG
The New South Wales Senate’s General Purpose Standing Committee No. 5 has published a report into the environmental, economic and social impacts of coal seam gas (CSG) mining in NSW, delivering 35 recommendations for Government action.
Victoria announces energy security spend
The Victorian Government has announced $33.7 million spend over four years for a package of energy security measures in the State’s Budget.