22 January 2015
Contact signs new Maui gas purchase agreement
Contact Energy Limited (Contact) announced today that it has entered into a new agreement with Maui Development Limited (MDL) to purchase between 22 and 26 petajoules of gas over a two-to-three year period. The new agreement replaces an agreement that expired at the end of 2014.
Contact's Chief Generation and Development Officer, James Kilty, said "The new Maui agreement, together with our existing contracted gas and reserves at our Ahuroa Gas Storage facility, provides Contact with additional flexibility around the way we use gas to run our thermal power stations. It's pleasing to have reached this agreement with MDL which extends our close relationship."
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Price review outcome and update on FY2021 guidance
Origin Energy Limited (Origin) has provided the following update on earnings guidance for the year ended 30 June 2021 (FY2021), following an adverse outcome on a domestic gas contract price review, combined with a further deterioration in Energy Markets’ operating conditions.