Oil and Gas News

Senex, Shell sign gas sales agreement

Federal Court of Australia

Senex has entered into a domestic sales agreement with Shell Energy for the supply of 8 petajoules (PJ) of natural gas over four years. 

Under the agreement commencing in 2022, Senex will supply around 8 PJ of natural gas at the Wallumbilla Hub at fixed price in line with current market levels. 

Shell provides energy solutions across a portfolio of gas, electricity, environmental products and productivity solutions to customers. 

Senex managing director and chief executive Ian Davies said the company was committed to supplying reliable, affordable and sustainable natural gas for Australian businesses. 

“We are proud to continue supporting the economy and jobs in local communities, and helping Australia to transition to a lower carbon future,” Davies said. 

This announcement was made the same day the company agreed to enter into a binding scheme implementation agreement with POSCO International. 

Under the agreement, POSCO will acquire 100 per cent of Senex shares for a cash offer price of $4.60 per share. 

Subscribe to Oil & Gas Today for the latest industry news.