Lochard Energy holds a strategic position in the Eastern Australian Gas market, servicing the Victorian and South Australian markets and the Mortlake Power Station.
The Iona Gas Plant is ideally placed to supply gas directly into the Victorian gas market via the South West Pipeline, and into the South Australian market via the South East Australia Gas (SEA Gas) Pipeline.
Storage reservoirs are used to store gas on behalf of customers during periods of low gas demand for injection into the pipelines in high demand periods.
Lochard Energy’s Iona facility provides energy retailers and wholesalers the ability to shape supply contracts to meet peak requirements and provides a hedge against spikes in the spot market price.
Storage also appeals to gas producers because it allows production to remain flat whilst allowing deliverability to match demand.