Shell's Mereenie offtake a step closer
PERTH (miningweekly.com) – Energy major Shell’s gas supply agreement with the Mereenie joint venture (JV) partners has become unconditional.
Shell last year struck a supply agreement with ASX-listed Cue Energy for the supply of 0.27 PJ of gas over one year, starting in January 2025. The energy major also reached an agreement with Central Petroleum for 0.91 PJ of gas, and a deal with New Zealand Oil and Gas for a further 0.64 PJ of gas.
Gas under the supply agreements will be aggregated with gas from the Mereenie joint JV to deliver up to a total of 3.65 PJs to Shell over the one-year term, commercialising a portion of existing Mereenie uncontracted gas production for the year.
Gas will be supplied into the East Coast domestic market, with pricing under the gas sales agreement reflecting strong market conditions. The parties will enter into required gas transportation agreements as a condition precedent to the agreement, to enable delivery of this gas.
The agreement is still subject to the finalisation of certain conditions precedent.
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