APA / AGL New Gas Transportation Agreement
Australia’s leading energy infrastructure business, APA Group (ASX: APA) today announced it has entered into a new gas transportation agreement on the East Coast Grid with AGL Energy (ASX: AGL) commencing 1 January 2020. The new two year multi-asset, multi-service agreement replaces an expiring contract with AGL.
Annual contract value remains at similar levels to the expiring contract.
Rob Wheals, CEO and Managing Director of APA said, "Our focus is to provide flexibility in our services to help customers like AGL manage their energy supply requirements. These are unique times in a dynamic energy market and our priority remains to ensure we deliver our customers services that they value, consistent with our Customer Promise. This contract agreement is the result of us working closely with AGL for some time now to ensure we meet their needs as our customer, so they can in turn deliver to their customers.”