AUSTRALIA

Alcoa-Buru deal over

AN innovative pre-purchase gas sales agreement for gas expected to be discovered in the Canning Basin, struck between Alcoa and Buru Energy's predecessor ARC Energy, has effectively ended after eight years, with Buru on the hook to repay $30 million over the next three years.

In 2007 ARC and Alcoa struck an agreement under which the junior explorer was to supply up to 500 petajoules of gas to Alcoa at a gas price that reflected the long-term commitment between the parties and...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.