ExxonMobil extends gas supply deal with Aussie steelmaker
Esso Australia Resources, a unit of ExxonMobil Australia, has extended its gas sales agreement (GSA) with steelmaker InfraBuild, the US major said on December 24.
The deal will see Gippsland gas used to support InfraBuild’s steel manufacturing operations in Victoria and New South Wales into at least the mid-2020s.
ExxonMobil Australia chair, Dylan Pugh, said Esso continues to “invest in delivering reliable and affordable Gippsland gas to Australian homes and businesses, supporting local jobs and the Australian economy.” Esso commissioned the Gippsland basin’s West Barracouta project in April this year.
Australia's peak oil and gas body Appea said the news was further proof the industry was delivering supply for manufacturers.
“There have been more than 100 local GSAs since December 2012 to supply domestic customers – from building supplies to fertilizer to packaging and paper,” Appea deputy CEO Damian Dwyer said. “The market is clearly working, with competitively priced gas continuing to deliver for Australian manufacturers while supporting jobs in the national economy."