Metagasco Signs Vali gas sales agreement with AGL
- Metgasco (MEL) has signed an agreement for the sale of all gas produced from the Vali Field
- The agreement is between the ATP 2021 Joint Venture parties and AGL Wholesale Gas
- Under the agreement, gas will be supplied to AGL from mid 2022 to 2026, estimated to be up to 16 petajoules
- Terms that will be set out in the agreement will form the basis of a fully termed gas sales agreement, which will include AGL providing an upfront payment of $15 million to the JV
- On the market, Metagasco is up 10.3 per cent and is trading at 3.2 cents per share
