Shell Energy Australia, a subsidiary of Shell, has signed agreements with the Mareenie joint venture (JV) participants for gas supplies from the Mereenie field, located onshore Australia.

The Mereenie JV, which operates the Mereenie field in the Northern Territory, comprises Macquarie Mereenie (50%), Central Petroleum (25%), New Zealand Oil & Gas (17.5%), and Cue (7.5%).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Cue Energy has signed a supply agreement with Shell for the delivery of 0.27 petajoules (PJ) of gas over one year, effective from January 2025.

From 1 January 2025, New Zealand Oil & Gas also agreed to deliver 0.65PJ of gas to Shell, for delivery into the East Coast domestic market. The deal covers take-or-pay provisions and has a fixed price.

This deal comes at a time when the Australian competition watchdog urged the government to curb exports in the wake of an anticipated shortfall of 56PJ of gas, equivalent to approximately 10% of the demand in 2023 in the country’s east coast, reported Reuters.

See Also:

New Zealand Oil & Gas said in a statement: “Gas will be supplied into the East Coast domestic market, with pricing under the GSA reflecting strong market conditions. The parties will enter into required gas transportation agreements as a condition precedent to the GSA, to enable delivery of this gas.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Central Petroleum has also signed a deal to supply 0.91PJ of gas to Shell Energy Australia for a one-year term, starting in January 2025.

Under the supply agreements, Shell will receive up to a total of 3.65PJ from the Mereenie JV over the one-year term.