Santos has signed a three-year location swap agreement to deliver gas to southern Australian markets.
The company says it will take delivery of gas at Wallumbilla in Queensland and provide an equivalent amount - at least 18 petajoules per year from January - in the southern domestic market.
"This transaction demonstrates the ability for industry to efficiently work together and support the federal government in bringing more supply into the domestic market and help mitigate gas supply concerns," Mr Gallagher said.
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