The agreement is the second between Cooper and O-I Australia, with the first contract made in 2015 for supply of gas from Cooper’s Sole Gas Project for Cooper to supply 1 PJ/a of gas from the field from January 2020 for the life of the project.
Under the agreement Cooper will make 3 TJ/d of gas to O-I Australia – Australia’s largest manufacturer of glass packaging products – from its share of production of Casino Henry, with gas supply from the production now fully contracted for the 2019 calendar year.
Cooper Managing Director David Maxwell said the agreements demonstrated the company’s capacity to supply gas from its existing portfolio of Otway and Gippsland basin assets.
“O-I were the foundation gas customer for Sole and its early commitment in August 2015 set the ball rolling for the contracting and financing of the Sole Gas Project,” said Mr Maxwell
“We are delighted to be able to commit an additional supply agreement with O-I.
“Our business model is based around bringing competitively priced gas to buyers in southeast Australia.
“The agreement with O-I is the seventh term contract we have written since we began building our portfolio of gas supply assets and gas sales agreements.
“We expect to write further new contracts with a diversity of gas buyers and contract periods in the second half of the financial year as we contract more gas from Sole.”
For more information visit the Cooper Energy website.
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