East Coast Gas Development- execution of Otway Basin Joint Venture Agreements
A binding interim joint venture agreement with partner O.G. Energy. East Coas Gas Supply Project is targeting supply of up to 90 TJ/d through the existing Athena Gas Plant from 2028, subject to regulatory approvals, final investment decisions and successful execution.
Today we announced a binding interim joint venture agreement with partner O.G. Energy. Our East Coast Supply Project is targeting supply of up to 90 TJ/d through the existing Athena Gas Plant from 2028, subject to regulatory approvals, final investment decisions and successful execution. On success, this project aims to bring much needed gas supply to the southeast Australian market and provide enough gas to meet the needs of over 600,000 Victorian homes from as early as 2028, assisting with potential gas supply shortfalls as highlighted in the Australian Energy Market Operator’s 2025 Gas Statement of Opportunities.
The announcement of an aligned partner is a crucial milestone in the delivery of the East Coast Supply Project, one of the biggest new gas supply sources on the southeast Australian market where shortfalls are imminent and demand from Australian customers continues to grow.
With our partner on board, our Board has now approved our preferred three-well drilling program, which aims to bring up to 90/TJ a day of new gas through existing infrastructure at the Athena Gas Plant. All of the gas produced will be dedicated to domestic use to support Australian energy security with reliable new gas supply to the market.
