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

Vessels

Golar buys conversion vessel for fourth FLNG

Floating LNG player Golar has agreed to acquire the LNG carrier Grace Dahlia from Japan's NYK Line to convert it into a floating LNG production unit.
LNG Terminals

Cove Point LNG to resume operations after maintenance

Berkshire Hathaway’s unit BHE GT&S is expected to restart its Cove Point LNG export plant in Maryland soon following planned annual maintenance.
LNG Terminals

Cheniere’s Corpus Christi Trains 8 and 9 project 55.6 percent complete

US LNG exporter Cheniere continues to progress construction on its Corpus Christi Midscale Trains 8 and 9 project in Texas.

More News Like This

Contracts and Tenders

Australia’s Santos strengthens LNG portfolio with new deals

Australian LNG player Santos has signed two separate, non-binding LNG agreements that underscore the company’s growing global LNG portfolio position. Santos entered into a non-binding heads of agreement to buy LNG from the Ksi Lisims LNG project in Canada and the company agreed key commercial terms with South Korea's Posco Steel to supply the latter with LNG.
LNG Terminals

Origin reports lower Australia Pacific LNG revenue

The Australia Pacific LNG project logged lower revenues in the three-month period ending June this year and fiscal 2026, according to Australia's Origin Energy.
Contracts and Tenders

South Korea’s Posco International, Kospo ink HoA for Gwangyang LNG terminal

Posco International, a unit of South Korean steel producer Posco, and Korea Southern Power (Kospo) have signed a heads of agreement on the use of Posco International's Gwangyang LNG import terminal and the construction of a pipeline.
LNG Terminals

Origin says APLNG quarterly revenue down

The Australia Pacific LNG project logged lower revenues in the three-month period ending March 2026 due to lower prices and spot volumes.