AlintaGas told the markets that these hedges represent about 80% of the total estimated revenue the company draws from its profit-share joint venture with the Wesfarmers Liquefied Petroleum Gas project - for the six months to December 31.

AlintaGas said LPG prices have trended higher over the past several months than its budgeted levels and it has decided to take advantage of market conditions to lock in favourable hedging positions.