Armour is currently selling 1 TJ/day of gas into the spot market, which is the result of an increase in production at Kincora required to satisfy the obligations of the company’s sales agreement with Australian Pacific LNG (APLNG).
Last month, Amour entered the second phase of its supply agreement with APLNG and planned to sell any gas produced in excess of these commitments to domestic customers.
Armour CEO Roger Cressey said the ability to sell more gas was a welcome development.
“This is a significant achievement for Armour for two reasons: the company’s production rates are now fully satisfying the agreements with APLNG, and the company has commenced selling into the broader Queensland gas market,” he said.
“With this milestone Armour continues to demonstrate its commitment to increase production and gas supplies into the eastern Australian domestic gas market.”
Currently selling 11 TJ/day of gas from Kincora, Armour is now targeting sales figures of 15 TJ/day and production of 20 TJ/day.
For more information visit the Armour Energy website.
If you have company news you would like featured in Gas Today contact Assistant Editor David Convery at firstname.lastname@example.org