19 September 2018
Origin boosts gas supply for 2019
Origin has signed an agreement to buy up to 13 petajoules (PJs) of gas from the Casino Henry Joint Venture for 2019 to help meet the needs of the east coast domestic market.
The 12-month agreement is an extension of the 2018 agreement to take gas from the offshore Casino, Henry and Netherby fields in the Otway Basin. The gas forms part of Origin’s domestic portfolio, which is one of the major suppliers to Australian households, large gas users such as manufacturers and gas-fired power stations.
Origin Executive General Manager Energy Supply and Operations Greg Jarvis said, “Origin and other gas producers have answered the call and made sure gas is available for domestic users.
“Gas customers on Australia’s east coast can access supply, with competitive tenders and at prices well down from their peak.
“We are proud to be one of the major gas suppliers to the east coast domestic market, and to have invested in further growing our gas business over the past year,” Mr Jarvis said.
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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.