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Contact Energy Locks In Pohokura Gas Supply Amid Rising Generation Costs

7:03pm on Monday 2nd of June, 2025 AEST Energy
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Contact Energy Locks In Pohokura Gas Supply Amid Rising Generation Costs

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • New gas supply contract with OMV from Pohokura field, effective 2026–2032
  • Contract conditional on ministerial consent under Crown Minerals Act
  • Initial forecast volume ~3.5PJ with declining annual supply over term
  • Wholesale gas prices up over 50%, pushing electricity generation costs above $200/MWh
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