Foundation GSA for the ECSP executed with AGL Energy
| Stock | AGL Energy Ltd (AGL.ASX) |
|---|---|
| Release Time | 17 Apr 2026, 8:20 a.m. |
| Price Sensitive | Yes |
Amplitude Energy signs foundation gas supply deal with AGL Energy
- Amplitude Energy executes binding 4-year gas supply agreement with AGL Energy
- Agreement covers 20 PJ of gas (5 PJ per annum) from Amplitude's East Coast Supply Project
- Gas supply targeted to commence in H2 2028, subject to reserve confirmation
Amplitude Energy Limited (AEL: ASX) has announced that it has executed a binding Foundation Gas Sales Agreement (GSA) with AGL Energy for the supply of 20 PJ of gas (5 PJ per annum) from the East Coast Supply Project (ECSP) over an initial four-year term. The GSA sales price is oil-linked and reflects prevailing market rates and conditions, with supply targeted to commence in H2 2028. The GSA is conditional on the results of the current ECSP drilling campaign confirming a minimum level of reserve bookings and deliverability. Amplitude Energy's Managing Director and CEO, Jane Norman, stated that this agreement extends the company's long-term partnership with AGL Energy, who has been a key supporter of Amplitude Energy, including as a foundation buyer from the Sole gas project. The agreement reflects the strong demand for reliable, domestic gas supply in Southeast Australia, as well as both parties' confidence in the ECSP. AGL's Chief Commercial Officer, David Moretto, commented that the agreement supports AGL's strategy to secure reliable, long-term domestic gas supply and underpin new production to market, as gas remains essential in firming large-scale renewables and supporting customers through the transition, particularly in Southeast Australia.