Galilee Energy Enters into HoA with Alinta Energy

Source: www.gulfoilandgas.com 3/25/2021, Location: Not categorized

Highlights
- Galilee has entered into a Heads of Agreement with Alinta Energy to work towards the supply of natural gas from the Glenaras Gas Project into the east coast domestic market.

- Now have multiple near term and longer term gas commercialisation options for the Glenaras Gas Project.

- Galilee Basin has been identified by the Federal Government as a key basin to be unlocked as part of the “gas led economic recovery”.

Galilee Energy Limited (GLL) (“Galilee”) is pleased to advise that it has entered into a Heads of Agreement (“HoA”) with Alinta Energy to collaborate on domestic gas supply opportunities from the Glenaras Gas Project. Managing Director Peter Lansom said Galilee is delighted to have entered into the HoA with a customer such as Alinta Energy who have a strong Queensland presence and who support the powering of homes, manufacturing and jobs. “Galilee is committed to working with potential customers to supply natural gas that will help to support the gas-led recovery and assist in the creation of sustainable employment for Queenslanders.

This agreement with Alinta Energy follows both the Queensland and Federal Government’s policy to support the new supply of natural gas into the domestic market and I’m proud that Galilee has the opportunity to help support the supply of natural gas for homes, local manufacturing and to boost regional investment.

This HoA with Alinta Energy is a crucial step towards Galilee becoming a material supplier of gas to the east coast market and provides us with another commercialisation option in addition to those existing options outlined below,” Mr Lansom said.


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