Original article by Matt Chambers
The Australian – Page: 19 : 5-Feb-16

AGL Energy will write down the value of its coal seam gas assets by $A795m after announcing that it will cease all gas exploration and production. AGL will not proceed with the $A1bn Gloucester CSG project in New South Wales, while it will terminate production at the Camden project 12 years ahead of schedule in 2023. MD Andy Vesey has attributed the decision to exit the gas sector to factors such as the fall in commodity prices and lower demand for gas in New South Wales.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, SANTOS LIMITED – ASX STO, THE GREENS NSW INCORPORATED, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, ARROW ENERGY LIMITED, ROYAL DUTCH SHELL PLC, PETROCHINA COMPANY LIMITED, ENERGYAUSTRALIA PTY LTD