Latest Gas Supply News

Comet Ridge has revised its acquisition deal for Santos’ stake in the Mahalo Gas Project, cutting upfront cash and extending deadlines to navigate new government gas reservation policy uncertainty.

Comet Ridge has voluntarily suspended trading of its shares on the ASX pending an update on its acquisition of Santos’ stake in the Mahalo Gas Project. The suspension aims to prevent uninformed trading while discussions continue, with an announcement expected before markets reopen on 21 May 2026.

Equus Energy’s Pre-FEED study confirms the technical and commercial viability of its North West Shelf gas project, leveraging existing infrastructure to reduce costs and execution risks while targeting both LNG export and WA domestic gas markets.

Central Petroleum has terminated the sale of its Northern Territory subsalt permits and withdrawn from the EP112 joint venture, reallocating capital towards the Mt Kitty appraisal well and other projects.

Elixir Energy has completed stimulation at its Diona-1 well in Queensland’s Surat-Bowen Basin, observing encouraging gas indications ahead of flow testing. The well’s proximity to major pipeline infrastructure could accelerate commercialisation if results hold.

Strike Energy has successfully drilled the Walyering West-1 well, revealing a new conventional gas accumulation in the Perth Basin with promising reservoir characteristics and proximity to existing infrastructure.

QPM Energy has secured critical approvals and financing milestones for its 112MW Isaac Power Station, alongside a significant upgrade to its Moranbah Gas Project reserves, positioning it as a key energy supplier in Queensland.

Conrad Asia Energy has taken a decisive step from exploration to production with the Final Investment Decision on its Mako Gas Project, booking reserves for the first time and progressing a major farm-down transaction.

Invictus Energy is gearing up for a pivotal drilling campaign in Zimbabwe's Cabora Bassa Basin, targeting a multi-Tcf gas and condensate resource that could reshape Southern Africa's energy landscape.

Central Petroleum lifted March quarter sales revenue to $11.3 million, driven by higher gas volumes and prices, while securing a significant multi-year gas supply deal with the Northern Territory Government that supports a 40% production capacity increase at Palm Valley.

Jade Gas Holdings has secured Mongolian regulator approval for its TTCBM Project appraisal report, paving the way for reserve booking and submission of a development plan toward Mongolia's first significant gas operation.

Elixir Energy has completed its Lorelle-3/3H appraisal well with exceptional gas-condensate pay and the longest lateral drilled in the Taroom Trough. The company enters production testing phase fully funded with $22.3 million liquidity and a $10 million R&D-backed debt facility.