Oz Senex Expands Orora Gas Deal
Australian explorer Senex Energy has expanded its natural gas sales agreement with manufacturing company Orora, agreeing to supply 13.2 petajoules of natural gas from Project Atlas in Queensland, it said December 11.
In May this year, Senex announced a two-year gas sales agreement with Orora for the supply of 3.3 petajoules of natural gas from January 1, 2020. Senex and Orora have now agreed an expanded gas sale agreement, with Senex to supply a further 9.9 petajoules of natural gas over six years from 2022 to 2027, bringing the total contracted volume under this gas sales agreement to 13.2 petajoules. Gas will be supplied at the Wallumbilla gas hub in Queensland at market price, indexed annually, Senex said.
“Expansion of the gas sales agreement is a further seal of approval for Project Atlas as we continue to de-risk the asset’s future revenue stream,” Senex CEO Ian Davies said. “Senex has contracted a significant portion of expected production from Project Atlas for 2020 and 2021, and more contracts continue to be negotiated.”