It is a strange time for the oil and gas sector. On the one hand, after years of price weakness, the money is rolling in again as the war in Ukraine and post-Covid disruptions keep prices high.
AGL Energy is leading a consortium, that includes Japanese pair Inpex and Osaka Gas, as well as South Korea’s SK Group, in a detailed feasibility study to build a massive green hydrogen export hub at Torrens Island, South Australia.
Santos has struck a deal with AGL Energy for the purchase of 254 petajoules of gas for supply to its GLNG project.
The company said the gas will be deliverd at Wallumbilla over a period of 11 years commencing in January 2017, with pricing based on an oil-linked formula.
The gas will be sourced from coal seam gas fields in Queensland.
