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Eastern Australia faces higher domestic gas prices

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Report summary

On 10 April 2013 Origin Energy announced a major gas purchase agreement from Beach Energy for its share of Cooper Basin Joint Venture gas from 2014 15. Despite the modest volumes around 44mmcfd over an eight year period the deal has much wider significance for Australia's gas and power markets. This is the first substantial deal signed by a major domestic gas buyer in Eastern Australia to include an oil linked pricing component. It sets a new price benchmark for domestic gas

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    Eastern Australia faces higher domestic gas prices

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  • Eastern Australia Gas and Power Market

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  • Recent East coast gas deals with reported oil-linked contracts

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