Australia and OceaniaContracts and Tenders

Senex wraps up acquisition of APLNG gas fields

By LNG Prime Staff
Senex wraps up acquisition of APLNG gas fields
For illustration only (Image: Senex)

Australian energy company Senex said it has completed the acquisition of undeveloped Australia Pacific LNG gas fields.

Senex said in November last year it had agreed to buy APLNG gas fields PL 209 and PL 445, adjacent to its Atlas field, for A$80 million ($57.7 million).

ConocoPhillips, Origin Energy, and Sinopec are shareholders in the APLNG project that includes the 9 mtpa LNG export facility on Curtis Island near Gladstone and the gas fields.

According to Senex, this acquisition of the two gas fields would allow the further expansion of Atlas to plateau production of 30 PJ/year in 2024.

Senex wraps up acquisition of APLNG gas fields
Image: Senex

The deal is also one of the conditions precedent to the scheme implementation deal with a unit of South Korea’s Posco revealed in December, it said.

Under the deal, Posco International or PIC would buy 100 percent of Senex shares for a cash offer price of A$4.60 per share, via a scheme of arrangement.

The acquisition remains subject to several approvals.

Most Popular

LNG Terminals

Crown LNG, Fermeuse plan export project in Canada

US-listed Crown LNG and Fermeuse Energy revealed plans to build a liquefaction and export facility worth up to $15 billion in the Canadian province of Newfoundland and Labrador.
Contracts and Tenders

Sawgrass LNG & Power secures Barbados supply deal

Miami-based Sawgrass LNG & Power has once again been selected as the supplier of LNG to Barbados National Energy Company (BNECL).
LNG Terminals

Woodfibre LNG says project cost climbs to $8.8 billion

Canada’s Woodfibre LNG, a joint venture of Pacific Energy and Enbridge, now expects that the construction of its 2.1 mtpa LNG export facility near Squamish, British Columbia, will cost $8.8 billion. Woodfibre LNG initially expected the construction of the facility would cost $5.1 billion.

More News Like This

LNG Terminals

Origin reports steady APLNG revenue

The Australia Pacific LNG project logged steady revenues in the fiscal year ending June 30 from the prior year, mainly due to higher LNG volumes as the plant operated well above nameplate capacity following the LNG vessel power outage incident in the prior year, according to shareholder Origin Energy.
LNG Terminals

Gladstone LNG exports climb in July

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland rose in July compared to the same month last year, according to the monthly data by Gladstone Ports Corporation.
Contracts and Tenders

Monadelphous scores new LNG contracts

Australian engineering firm Monadelphous has secured contracts for Shell's Crux natural gas project offshore Western Australia and the Australia Pacific LNG project in Queensland.
LNG Terminals

Gladstone LNG exports flat in June

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland were almost flat in June compared to the same month last year, according to the monthly data by Gladstone Ports Corporation.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA