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AGL Energy Limited (ASX:AGL)

ALERT: Price-sensitive ASX Announcement for AGL
Current share price for AGL : $8.260 -1.24 (-13.05%)+
Announcement
Release
17 Apr 2026 8:20AM
Price at Release
$9.500
Full Release
download
Summary
Amplitude Energy Limited has entered into a binding Foundation Gas Sales Agreement with AGL Energy to supply 20 Petajoules of gas over a four-year period from the East Coast Supply Project, contingent on successful drilling results confirming reserve levels. The agreement, which reflects the high demand for domestic gas in Southeast Australia, is set to start in the second half of 2028. This partnership underscores AGL's strategy to secure reliable long-term gas supply necessary for supporting renewable energy and customer transitions.
Key Points
  • Amplitude Energy Limited executed a Foundation Gas Sales Agreement (GSA) with AGL Energy.
  • The agreement includes the supply of 20 PJ of gas from the East Coast Supply Project over four years.
  • The GSA is contingent upon the ECSP drilling campaign results confirming reserve levels.
  • The gas supply is scheduled to commence in the second half of 2028.
  • The agreement reflects the demand for domestic gas supply in Southeast Australia.
  • AGL's strategy focuses on securing reliable gas to support renewables and customer transitions.
  • Amplitude Energy appreciates AGL's role as a foundation buyer from its Sole gas project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.