Cooper Energy and EnergyAustralia have signed an agreement to extend the domestic supply term under its existing Sole gas sales agreement.
Under the agreement, Cooper will supply five petajoules of natural gas annually for three years, commencing in January 2026.
Cooper Energy managing director and chief executive officer Jane Norman said the agreement is an important milestone for the company and recognisees the role of gas in the economy.
“Gas is not just a transition fuel; it is a future fuel and will be needed in the long-term,” Norman said.
“It will continue to play a pivotal role in Australia to provide industrial heat and feedstock to manufacturers and flexible energy to support further integration of renewable energy into the electricity network.
“Domestic gas produced close to market is the lowest cost and lowest emission gas available to customers.”
EnergyAustralia trading and transition executive Ross Edwards said the extension of the agreement is another step in supplying reliable energy to its customers.
“Natural gas has a critical role in supporting electricity supply during the energy transition,” Edwards said.
“It allows our gas generation assets to support the firming of renewables in periods of low wind or solar generation and to ensure households and businesses get the energy they need in periods of peak demand.”
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