This past week has showcased a robust and diverse array of contract awards across the Australasian energy sector, reflecting the region’s dynamic approach to both traditional resource development and the accelerating transition towards cleaner energy solutions.
In a significant move within the liquefied natural gas (LNG) market, Santos, a prominent Australian oil and natural gas producer, has finalized a mid-term LNG supply agreement with QatarEnergy Trading. This contract, commencing in 2026, involves the supply of approximately 0.5 million tonnes of LNG per annum over a two-year period from Santos’s extensive portfolio of LNG assets. This deal underscores the continued strong demand for high heating value LNG in Asian markets and reinforces Santos’s strategic positioning.
The engineering and construction sector also saw notable activity. Monadelphous Group Ltd, a leading Australian engineering services provider, has secured new agreements that deepen its involvement across the energy landscape. Through an agreement with Technip Energies, Monadelphous will provide multidisciplinary services for the hook-up and commissioning of Shell’s Crux gas platform offshore Western Australia. Additionally, Monadelphous’s fabrication subsidiary, Inteforge, has received a two-year extension to its existing arrangement with Origin Energy Ltd for the continued supply of modularized well-site equipment for the Australia Pacific LNG project in Queensland. These contracts highlight sustained investment in both new and existing gas infrastructure.
In the realm of renewable energy and infrastructure, UGL, a CIMIC Group company, has secured a significant contract with Western Power to deliver essential upgrades to Western Australia’s electricity infrastructure. This two-year contract, commencing in February 2025, involves the design, supply, installation, and commissioning of extensions to the Neerabup 132kV and 330kV substations. These enhancements are crucial for transporting renewable energy from the Wheatbelt and Mid-West regions to the broader network, supporting Western Australia’s net-zero emissions goals.
Furthermore, Contact Energy in New Zealand has reached a seven-year gas supply agreement with Greymouth Gas New Zealand Limited (GGNZ Ltd), effective from October 2025, with an option for a further three years. This agreement to supply up to 7PJ of gas per annum provides Contact with diversification of gas supply and supports New Zealand businesses and critical gas consumers in their transition to renewable electricity, aligning with Contact’s strategy to be a leader in the decarbonization of the country.
Overall, the past week’s contract awards in Australasia demonstrate a clear commitment to leveraging existing strengths in oil and gas while simultaneously making substantial investments in renewable energy infrastructure and transition technologies, ensuring a diversified and resilient energy future for the region.
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