Queensland gas business Walloons has been granted an exemption to the Australian Government's Gas Market Code.
The Code ensures east coast gas users can contract for gas at reasonable prices and on reasonable terms.
This exemption will deliver additional supply to the east coast domestic gas market.
Producers can apply for conditional exemptions from provisions in the Code. These are considered by the Energy Minister in consultation with the Resources Minister.
Walloons has committed to offering an additional 40 petajoules to support gas-powered electricity generation (GPG) between 2024 and 2027. This commitment is targeted at GPG customers. It will address seasonal peak demand for the east coast market. Walloons is a part of Shell's QGC business.
This is the sixth exemption granted under the Code. It brings total commitments secured up to 604 petajoules over the period to 2033.
This is equivalent to approximately 6 years of east coast GPG use.
