Key facts
- Alcoa and Equus Energy signed a 10-year gas supply deal.
- Equus Energy will supply 50 TJ/d of natural gas.
- The gas will come from a planned project offshore Western Australia.
- Alcoa's alumina refineries will receive the natural gas.
- Alcoa will provide a $30 million advance payment.
- The payment supports the project's front-end engineering design study.
Alcoa and Equus Energy have finalized a decade-long contract for the supply of natural gas. Under the terms of the agreement, Equus Energy is set to deliver 50 terajoules per day of natural gas. This supply will originate from Equus Energy's planned project located offshore Western Australia. The natural gas will be utilized by Alcoa's alumina refineries. To facilitate the project's development, Alcoa will provide an advance payment totaling $30 million. This funding is designated to support the front-end engineering design study for Equus Energy's gas project.