Senex wraps up acquisition of APLNG gas fields

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 carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Gladstone LNG exports drop in May

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland dropped 4.5 percent year-on-year in May due to lower volumes going to China, according to the monthly data by Gladstone Ports Corporation.

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

China’s Sinopec secures price cut for APLNG contract

China’s state-controlled energy giant Sinopec has secured a lower price for its long-term liquefied natural gas supply deal with Australia Pacific LNG following a price review, according to APLNG shareholder Origin Energy.

Australia Pacific LNG pens new domestic gas deals

Australia Pacific LNG, the operator of the 9 mtpa LNG export facility on Curtis Island near Gladstone, has signed two new domestic gas sale agreements.