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Senex Energy partners with Jemena to bring Project Atlas gas to the domestic market in late 2019

Gasoil News - Published on Wed, 20 Jun 2018

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Senex Energy has executed agreements with major infrastructure operator Jemena to partner on the accelerated development of Project Atlas.

Key points:
Following the successful conclusion of a competitive bid process, Senex has partnered with major infrastructure operator Jemena to deliver first gas to the domestic market by late 2019
Jemena will build, own and operate a gas processing facility with an initial capacity of 40 terajoules per day (32 terajoules per day of firm service at plateau) and an approx. 60 km pipeline (the downstream infrastructure) to process and transport gas from Project Atlas via the Darling Downs Pipeline to the Wallumbilla hub
Jemena will fund capital expenditure of approx. A$140 million associated with the design, construction and commissioning of the downstream infrastructure
Senex will pay an agreed tariff for delivery of sales gas to the domestic market over a 25 year term
Senex Managing Director and CEO Ian Davies said the agreement was an important step forward for Project Atlas.

'We are extremely pleased to be partnering with Jemena to develop Project Atlas. Jemena operates significant gas infrastructure across the east coast and their involvement in Project Atlas will allow us to focus our efforts and capital on the upstream, delivering gas to domestic customers from late 2019.

'This transaction delivers a material component of Senex’s overall funding requirement, and we are on track to finalise the remaining corporate and development financing in mid-2018. With our financing in place and our path to market established we will then engage with potential domestic gas customers.

He said that 'We are systematically bringing together all the critical elements for a successful project to deliver first gas to the domestic market in 2019 – a major achievement for a greenfield gas development.'

Mr Paul Adams, Jemena Managing Director said that Jemena was delighted to have been selected as the infrastructure provider to work alongside Senex to develop Project Atlas.

He said that “We are excited to be partnering with Senex to build strategic infrastructure providing a long-term physical connection from this highly productive area of the Surat Basin directly into the Wallumbilla Gas Hub for the benefit of the east coast domestic gas market.”

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Posted By : Nanda Koijam on Wed, 20 Jun 2018
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