ORG origin energy limited

News: ORG Australia PM Turnbull says gas companies agree to domestic supply deal

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    SYDNEY, Sept 27 (Reuters) - Australian Prime Minister Malcolm Turnbull said on Wednesday gas companies have agreed to a two-year domestic supply deal to plug a projected shortfall in the country's east, preventing threatened government intervention in the export market.

    The agreement heads off a the possibility of Australia forcibly curbing exports from liquefied natural gas plants operated by Royal Dutch Shell PLC RDSa.L , Origin Energy Ltd (ORG) and Santos Ltd (STO) .

    "They have indicated or stated that they will provide a similar guarantee over two years," Turnbull told reporters in Sydney after meeting with the three companies. "They have stated that they will offer first, as a first priority, domestic customers any uncontracted gas in the future as a priority."

 
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