re: Ann: Nexus 2013 Financial Year Full Year ... Origin Energy has secured 432 petajoules of natural gas from ESSO Australia and BHP Billiton Petroleum to meet customer demand.
Origin, which is an oil and gas producer and retailer, will buy the gas from Longford in Victoria from 2014.
The company said annual contract volumes would increase over a nine year period and the gas would be delivered to Sydney and Longford.
Origin’s markets chief executive officer Frank Calabria said demand for natural gas on Australia’s east coast remained robust and the contract allowed Origin to sell long-term contracts.
‘‘This large volume of gas, along with a recent purchase agreement with Beach Energy, has strengthened Origin’s gas portfolio,’’ he said.
Origin shares are up 1.3 per cent to $14.04.
Read more: http://www.theage.com.au/business/markets-live/markets-live-sugar-hit-for-stocks-20130919-2u0fb.html#ixzz2fJKhj8tu
Ann: Nexus 2013 Financial Year Full Year Results , page-17
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