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Equus Energy Ltd (ASX:EQU)

ALERT: Price-sensitive ASX Announcement for EQU
Current share price for EQU : $0.390 0.08 (25.81%)+
Announcement
Release
14 Aug 2026 9:28AM
Price at Release
$0.310
Full Release
download
Summary
Equus Energy Ltd announced the execution of a binding Gas Sales Agreement (GSA) with Alcoa of Australia, marking a significant milestone for the Equus Gas Project. The agreement secures Alcoa as the foundation domestic gas customer, committing Equus to supply 50 TJ/day of gas for a 10-year period, which represents approximately 5% of the Western Australian domestic gas market. This agreement forms part of a broader arrangement that provides Equus with up to US$30 million in project funding, supporting the advancement towards Final Investment Decision (FID). The project aims to bolster Western Australia's energy security, leveraging existing infrastructure to supply both domestic and export markets. It also aligns with the state's Domestic Gas Reservation Policy, ensuring local supply commitments are met.
Key Points
  • Equus Energy and Alcoa execute binding long-term Gas Sales Agreement.
  • Alcoa becomes Equus' foundation domestic gas customer.
  • Agreement will supply 50 TJ/day, equating to approximately 5% of WA's domestic gas market.
  • Equus receives up to US$30 million in project funding from Alcoa.
  • GSA supports the Equus Gas Project's advancement towards Final Investment Decision.
  • Equus aims to strengthen energy security and diversify gas supply sources.
  • Project leverages existing North West Shelf infrastructure and spare LNG processing capacity.
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.