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AWE and AGL sign gas deal

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AWE and Origin Energy have agreed a non-binding term sheet with AGL for the first gas sale from Stage 2 of the Waitsia Gas Project, Western Australia. The term sheet sets out the commercial terms for the sale of 15 TJ/d of gas, or 5.5 PJ/a, to AGL from the Waitsia Gas Project. This equates to 15 per cent of Stage 2 nominal daily production capacity and represents a material contribution toward underwriting the project.

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