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Origin Energy Limited

05/05/2021 | Press release | Distributed by Public on 05/04/2021 22:02

Origin boosts gas supply to southern markets

5 May 2021

Origin boosts gas supply to southern markets

Origin has secured additional gas supply and transport that will enable it to materially increase gas supply to customers in southern markets, helping to alleviate a potential forecast shortfall in supply identified by the Australian Energy Market Operator (AEMO).

Under a four-year supply agreement with Australia Pacific LNG, Origin has secured up to an additional 91 PJ of gas from January 2022 at a JKM-linked price, with volumes to be shaped to higher demand winter months.

Origin has also secured additional pipeline capacity under a three-year agreement with APA Group commencing in 2023, which will allow the company to transport significant volumes of gas to customers in southern markets where it is needed most.

Origin executive general manager energy supply and operations, Greg Jarvis said, 'Origin has taken a major step towards securing gas supply for domestic customers, particularly in southern states, through a period in which AEMO has identified a potential shortfall for the market.

'These gas supply and transport agreements strengthen Origin's gas portfolio, adding up to 91 PJs over four years, and provide the flexibility to move gas to where it is needed.

'Affordable gas is vital to Australian industry and manufacturing and we're proud to bring this additional supply to the market to help meet customer demand,' Mr Jarvis said.

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