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Cooper Energy Signs New Gas Supply Agreement with Visy

11 Jul 2019  |  09:04:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: New industrial supply agreement for Sole gas

Cooper Energy announced it has signed a new gas supply agreement with Visy for the supply of 7.6 PJs of gas from Sole for three years from January 2020, which may be extended for a further three years. Gas from Sole will be supplied ex the Orbost Gas Plant at a price in line with current market prices, indexed annually. The Company has completed the construction of the offshore development of the Sole gas field and APA is expected to conclude the plant upgrade works and commence commissioning and delivery of sales gas within the September 2019 quarter.

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