Waitsia Stage 2 gets offtake partner

The joint venture (JV) partners in the Waitsia gas project, in Western Australia, have signed a nonbinding term sheet with AGL Wholesale Gas (AGL) for the first gas from the Stage 2 Waitsia project. ASX-listed AWE on Monday said the term sheet set out the commercial terms for the sale of 15 TJ/d, or 5.5 PJ/y, of gas to AGL from the Stage 2 project. This equated to 15% of the Stage 2 nominal daily production capacity and was a material contribution towards underwriting the project.