APLNG pens new gas supply deal
Australia Pacific LNG (APLNG) on November 24 announced a new gas supply agreement of 1.55 petajoules with Queensland Nitrates, a producer of ammonium nitrate, for its facility in central Queensland.
Announcing the new deal, CEO Khoa Dao said APLNG was pleased to support the Australian manufacturer with a one-year gas supply agreement for 2023 in addition to the multi-year, competitively priced gas supply agreement executed last year.
“We are one of the largest providers of gas to customers on the east coast, and it was pleasing we could provide further incremental volumes in 2023 to help the market navigate unprecedented challenges,” Dao said.
In FY2022, APLNG said it provided more than 150 petajoules of gas to domestic customers, mostly under medium- and long-term gas supply agreements at prices that were locked in well before this year’s market volatility.
APLNG, a joint venture comprising Origin, ConocoPhillips and China's Sinopec, is Australia’s largest producer of coalbed methane (CBM) and supplies gas to Queensland’s domestic gas market, while also processing CBM into LNG for exports.