Denison Gas Limited has signed an additional Gas Sales Agreement (GSA) with Shell Energy Australia Pty Ltd, for developed and uncontracted volumes from its conventional and unconventional gas fields in the Bowen Basin, Queensland.

The GSA provides an additional 3 terajoules/day from early 2024 to supply the Australian domestic market and is in addition to a three-year, 5 terajoules/day agreement with Shell Energy announced in November 2022. The GSA extends supply to Shell through to 2026.

Denison has increased the production output of its assets eight-fold since acquiring them in 2019. The company will continue to invest in development drilling activities and production capacity in order to further increase the supply of its gas to the domestic market in 2024 and beyond.

Mr Benson Wong, CEO of Denison Gas, commented: “Following our inaugural GSA late in 2022, we are pleased to again be working with Shell after completing an extensive Expression of Interest process. The company continues to invest in the business with the goal of making more gas available to the east coast market in Australia.”

David Guiver, Shell Energy Australia Vice President Trading said: “We’re pleased to extend our relationship with Denison and to be able to bring more gas supply to our customers on the east coast.”