More gas will be made available to the domestic Australian market thanks to an extension provided to gas producer APLNG.
The gas supply commitment was due to expire in 2025. It will now be extended to 2029.
The additional supply provided through the Gas Market Code will support:
- affordable gas supply
- security of supply for Australian industry and businesses.
This variation includes volume commitments to a maximum of 10 petajoules (PJ) a year for 2026-2029. This will provide up to an additional 40PJ for domestic users over the four-year period.
10PJ of gas is enough to entirely support heating and cooking use in about 200,000 homes.
The Gas Market Code is an important tool in supporting availability and affordability of gas for Australians.
It provides additional gas to the Australian market in the short to medium term.
New gas supply is essential to support the stability of Australia's energy system as it transitions to 82 per cent renewables.
