Gulf Oil and Gas accountACCOUNT

Senex Agrees Domestic Gas Supply Contract with CSR

Source: www.gulfoilandgas.com 4/17/2019, Location: Not categorized

Senex Energy Ltd had agreed a domestic gas sales agreement for up to 3.25 petajoules (PJ) of natural gas with south-east Queensland manufacturer CSR Limited. This agreement represents the first domestic gas contract from Senex’s Project Atlas natural gas development project and will support local manufacturing and local jobs.

CSR will use the gas in its three south-east Queensland manufacturing plants that make PGH™ bricks, Gyprock™ plasterboard and Bradford™ insulation. The plants employ 260 people at Brendale, Coopers Plains and Oxley.

Under the initial three-year agreement, Senex will supply CSR Building Products Limited, a wholly owned subsidiary of CSR Limited, with 0.65 PJ of gas a year (1.95 PJ in total) commencing 1 January 2020. CSR can extend the agreement by up to a further two years, taking the total contract quantity to 3.25 PJ.

Gas will be supplied at the Wallumbilla Gas Hub in Queensland at a fixed price in line with current market levels, indexed annually.

Managing Director and CEO Ian Davies said Senex was proud to support local manufacturing, jobs and investment. “We’re delighted to secure CSR as a customer and support this key Queensland manufacturer of essential building products.

“Senex’s initial gas marketing focus is to partner directly with domestic commercial and industrial customers for long-term, enduring and mutually beneficial relationships.

“This agreement with CSR follows the Queensland Government’s policy to support new supplies of natural gas into the domestic market and this is a great outcome for Queensland.

“For Senex, 2019 is a transformational year. This gas sales agreement is one of many milestones to come as we deliver our east coast gas development projects,” Mr Davies said.

Natural Gas News in Australia >>

Australia >>  7/11/2019 - Cooper Energy (COE) announces it has signed a new gas supply agreement with Visy for the supply of 7.6 petajoules of gas from Sole for three years fro...
Russia >>  7/3/2019 - On July 1, the Gazprom Group signed a five-year contract to purchase natural gas from Turkmengas (for the period through June 30, 2024). According to ...

United States >>  7/3/2019 - Bechtel and customer Cheniere Energy announced the completion of the first commissioning cargo with liquefied natural gas (LNG) from Train 2 at the Co...
Tunisia >>  7/2/2019 - Claudio Descalzi, CEO of Eni, and Slim Feriani, Tunisian Minister of Industry, signed the new agreement for transporting Algerian natural gas through ...

Algeria >>  6/26/2019 - Enel and Algerian state-owned oil and gas company Sonatrach agreed to extend their current gas supply contract, set to expire at the end of 2019. The ...
Israel >>  6/25/2019 - Energean Oil and Gas plc (ENOG) pleased to announce that it has signed a Detailed Agreement with Israel Natural Gas Lines (INGL) for the transfer of t...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Australia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.