Senex Energy Inks Gas Supply Deal With Santos' GLNG

Senex Energy Limited and Santos led GLNG have entered into a series of major agreements for the development of the Western Surat Gas Project in Queensland, Australia.

The first agreement relates to Senex supplying up to 50 TJ/day of sales gas from its Western Surat Gas Project to GLNG under a binding 20-year gas sales agreement (GSA) at USD JCC oil-linked pricing.

The two companies have also signed an agreement where Senex will receive A$42 million in cash, plus a comprehensive suite of subsurface, production and other technical data that will accelerate and de-risk Senex’s project for a successful Final Investment Decision, in exchange for the sale of the 77 km2 Maisey block within ATP 889 to GLNG.

“These transactions will deliver significant value to Senex through enabling an accelerated monetisation of our material resource base. This is a natural relationship given our acreage sits adjacent to GLNG’s Roma fields. The provision of production and subsurface information from these operating fields together with close collaboration with GLNG will be hugely valuable to the efficient development of both projects,” Senex Managing Director Ian Davies said.