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Cooper Energy’s gas plant woes slash revenue by 17pc

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Cooper Energy slashed gas production in the December quarter thanks to the troublesome Orbost gas processing plant, wiping 17 per cent off sales revenue to $45 million.

The Adelaide-based producer continues to face problems with the processing plant in Victoria, having failed to reach nameplate processing capacity on a consistent basis and forcing it to buy gas on the spot market to send to its customers.

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    Original URL: https://www.afr.com/companies/energy/cooper-energy-s-gas-plant-woes-slashes-revenue-by-17-pc-20230124-p5cezz