
Senex, APLNG sign on to meet big east coast gas demand
Two Brisbane based gas companies have signed commitments to deliver more gas to the domestic market.
Two Brisbane based gas companies have signed commitments to deliver more gas to the domestic market.
South Korea’s POSCO International has made a non-binding indicative $815 million takeover bid for Brisbane gas company Senex.
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Senex Energy has reported $25 million in underlying earnings for the half-year to December.
Surat Basin gas producer Senex Energy will spend $20 million to expand its Roma North project by 50 per cent while Jemena will develop the infrastructure to get the gas to market.
Senex has received a huge boost by being named preferred tenderer for gas acreage that could boost its Atlas field production by about 50 per cent.
The predicted gas supply shock in 2023-24 has not been averted by COVID_19 recession and will still hit with brutal force, according to Central Petroleum chairman Wrix Gasteen.