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Contact Energy Locks In Pohokura Gas Supply Amid Rising Generation Costs
7:30am on Thursday 23rd of January, 2025 AEDT
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Contact Energy Locks In Pohokura Gas Supply Amid Rising Generation Costs
7:30am on Thursday 23rd of January, 2025 AEDT
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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