WCL haven't disclosed the exact gas volume in PJ they'll sell to Santos over 20yrs.
They have indicated that they have sufficient resource to meet the demand frm their 2P-347 PJ resource base, which might b leaving a few questions.
Couple of recent GSA's in the area listed below,
Origin's deals with GLNG last year: - sell 365 PJ to GLNG for 10yrs from 2015 - sell 194 PJ to GLNG for 5yrs frm 2016 - sell 30 PJ to QCLNG for 2 yrs, 2014-2015
Note ORG's APLG March qtrly gas sales price was still A$4.35/GJe (i.e, rev A$120.6mil frm 27.7 PJe sold)
They r also purchasing gas: - frm BHP/Esso's Longford plant: 432 PJ for 9 yrs frm 2014 - frm Beach: 139 PJ over 8 yrs + 34 Pj for 2 extra year, total 170 PJ for 10yrs.
There r a few more but frm the Cooper, ie STX-Orica, DLS-STO.
So I guess for the east coast, Oil Linked Price (in $/Gje) will b the norm going fwd.
WCL Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
