Iona Products & Services
Iona Products & Services
Our Iona Gas Storage Facility provides a number of different products and services to the gas industry
Iona products & services
The Iona Gas Storage Facility provides the following products and services to the gas industry.
Gas Storage Services
Includes receipt of gas from pipeline connection points for compression and injection into reservoirs, storage of gas in the reservoirs, and withdrawal of gas from reservoirs for injection into pipeline connection points.
Raw Gas Processing Services
Includes receipt of raw gas from onshore or offshore fields for treatment and processing at Iona Gas Plant and delivery of sales gas.
Compression Services
Includes the receipt of gas from pipeline connection points for compression through Iona Compression Facilities to increase pressure for delivery into other pipeline connection points. From 1 March 2019, Compression Services can be separately acquired through the Capacity Trading and Day-Ahead Auction Platforms operated by AEMO.
Capacity Trading & Day-Ahead Auction
Operational Transportation Service Agreement (Iona Compression)
In order to acquire compression services at Iona Compression Facilities through the Capacity Trading and Day-Ahead Auction platform, prospective customers must enter into an Operational Transportation Services Agreement (OTSA) with Lochard.
Lochard is required to publish a standard form of OTSA (Iona Compression) and a prospective compression service user may make a request to Lochard Energy to enter into this agreement.
The terms of the standard OTSA (Iona Compression) include the required Standard Terms set out in the Operational Transportation Services Code, as well as Lochard Energy’s Facility Specific Terms which set out terms tailored to the requirement of the Iona Compression Facilities.
A full copy of the standard OTSA (Iona Compression) is available here. The fourth version (version 4) was published and was effective from 17 November 2023. Version 4 will remain current until a notice is published on Lochard Energy’s website that there has been a revision.
As required by the NGR, Lochard Energy has also published a comparison between this version and the previous version, dated 1 July 2021 and located here (comparison version) and here (previous version).
For general information on Capacity Trading and the Day-Ahead Auction, please visit AEMO’s information page or to enquire about any of Lochard’s products and services, please contact our Commercial Team at [email protected] or 03 8646 0550.
OTSA Standardisation Cost Charges
OTSA Standardisation Charges (as at 1 July 2021)
Service Type | Fixed Charges $/month | Tariff, $/GJ |
| CTP Compression | 750 | 0.01 |
| DAA Compression | 750 | 0.0100 |
Note: charges are ex-GST
Note: Variable tariffs are applied to the Buyer’s MDQ
OTSA Standardisation Charges (7 October 2019 – 30 June 2021)
Service Type | Fixed Charges $/month | Tariff, $/GJ |
| CTP Compression | 750 | 0.02 |
| DAA Compression | 750 | 0.0461 |
Note: charges are ex-GST
Note: Variable tariffs are applied to the Buyer’s MDQ
OTSA Standardisation Charges (1 March 2019 – 6 October 2019)
Service Type | Fixed Charges $/month | Tariff, $/GJ |
| CTP Compression | 0 | 0.10 |
| DAA Compression | 1000 | 0.50 |
Note: charges are ex-GST
Note: Variable tariffs are applied to the Buyer’s MDQ
For detailed information regarding Lochard Energy’s Standardisation Costs, trading assumptions and the determination of Standardisation Charges, please see the OTSA Standardisation Cost Charges information pack here.
Gas Day Harmonisation
Lochard Energy’s transition plan for Gas Day Harmonisation, which commenced at 6am AEST on 1 October 2019, can be found here.
