AGL agrees to sell North Queensland gas assets

AGL today announced it has agreed to sell its North Queensland gas assets to a consortium of Shandong Order Gas Co. Ltd. and Orient Energy Pty Ltd.

The assets comprise AGL’s 50 percent interest in each of the Moranbah Gas Project Joint Venture and the North Queensland Joint Venture and AGL’s participation rights in the ATP1103 exploration licence located in Bowen Basin.

The sale agreement is consistent with AGL’s February 2016 announcement that it intended to exit the exploration and production of natural gas.

A copy of AGL’s ASX and Media Release is available here

Leave a Reply

  • (will not be published)