Latest Gas Market News

Contact Energy has secured a pivotal gas supply contract with OMV for the Pohokura field, ensuring fuel for its gas peaking units through 2032 despite soaring gas prices and operational costs.

Amplitude Energy has reported a record quarterly sales revenue of $67.9 million for Q2 FY25, alongside a 9% reduction in net debt, driven by strong spot gas sales and operational improvements at the Orbost Gas Processing Plant. The company continues to advance its East Coast Supply Project, positioning itself for future growth.

Echelon Resources has agreed to acquire full ownership and operatorship of the EP145 exploration permit in the Northern Territory’s Amadeus Basin, aiming to unlock a discovered gas resource with modern technology.