TXU boosts Cooper Basin gas sales

Santos and the other South West Queensland Gas Producers have, in principle, secured sales of a combined total of up to 17 petajoules (PJ) in 2004 with TXU and Origin Energy.

The sales represent TXU Electricity's first venture into the Cooper Basin region while Origin Energy Retail (Origin) is extending its long term relationship with Santos.

"This is a good outcome for Santos as the new contracts expand the high quality Cooper Basin customer base," said Santos' managing director, John Ellice-Flint.

Santos interest in these sales is 60.1%.