Contact secures gas supply

14 June 2019
Contact secures gas supply
Contact Energy has secured gas supply from OMV for 40 TJ/day of gas for this winter at a
price in-line with expectations outlined at the 1H19 results and November 2018 investor day.
The agreement, which is subject to customary approvals, also provides for the supply of
Maui gas at the same price for 2020 to 2024, with volumes subject to field deliverability.
Chief Generation and Development Officer James Kilty said Contact was pleased to have
secured sufficient gas for the winter and looked forward to OMV’s progress in extending the
life of the Maui field.
“This transaction will support the ongoing transition of fossil fuelled transport and industry to
one of the lowest carbon electricity systems in the world.
“As the transition accelerates, we expect to bring more geothermal energy to market.
“Our gas plant will play a key role in providing affordable and reliable electricity when
weather dependent wind, solar, or hydro generation is not available. This agreement is a key
enabler of that.”


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