Australia's Senex signs domestic gas supply deal

Senex Energy on September 2 announced a gas sales agreement with Australian packaging and paper manufacturer Opal, for up to six years and up to 12 petajoules (PJ) of natural gas.

Under the initial four-year agreement starting January 1, 2023, Senex will provide around 8 PJ of natural gas to support the Opal Paper & Recycling division's manufacturing operations at Botany, New South Wales, at a fixed price, in line with current market levels, the company said.

Opal and Senex have also agreed on terms for a contract extension of up to two years and up to a further 4 PJ of sales, “providing Opal with some flexibility in the medium term as it continues to explore long-term energy solutions.”

Since 2019, Senex has signed approximately 70 PJ of natural gas sales agreements with a range of companies including CSR Building Products, Orora, Visy Glass, CleanCo Queensland, Alinta Energy, Adbri, Nyrstar, Southern Oil Refining, and now Opal.