Australia and OceaniaLNG Terminals

Australia’s Senex reduces GLNG supply due to lower demand

By Mirza Duran
Australia’s Senex reduces GLNG supply due to lower demand
Image: Santos

Australian energy company Senex will reduce natural gas supply to the Santos-operated GLNG project on Curtis Island near Gladstone and divert it to the domestic market.

Senex said Tuesday it would cut gas supply by around 1 petajoules over the period from June to August 2020 at GLNG’s request, following lower offtake requirements at the liquefaction plant.

GLNG is a joint venture of Santos, Malaysia’s Petronas, France’s Total, and Korean Gas Corporation.

The 7.8 million tonnes per annum plant has been supplying Asian customers since 2015.

However, the effects of the coronavirus pandemic have dampened demand for LNG in Asia pushing prices down to record lows.

Senex and GLNG have agreed to re-direct these volumes destined to the LNG facility to the Wallumbilla natural gas supply hub.

Senex said it would market this natural gas, together with higher than expected production from its Atlas project, to east coast gas customers as a part of its supply portfolio.

Most Popular

LNG Terminals

Atlantic LNG shipping rates down, Pacific rates climb

Atlantic spot LNG shipping rates dropped this week, while Pacific rates rose compared to the week before, according to Spark Commodities.
LNG Terminals

Cheniere nears launch of seventh Corpus Christi expansion train

US LNG exporter Cheniere is close to launching the seventh and final train of the Corpus Christi Stage 3 expansion project in Texas.
LNG Terminals

Vietnam’s Cai Mep LNG terminal starts gas deliveries to Phu My power complex

Nebula Energy’s AG&P LNG has started delivering natural gas from Vietnam's Cai Mep liquefied natural gas (LNG) import terminal to the 900 MW Phu My 2.1 and 2.1E power plants operated by EVNGENCO3.
spot_img

More News Like This

Contracts and Tenders

Santos pens 10-year gas supply deal with South Australia

Australian LNG player Santos said it had entered into a 10-year gas supply agreement with the South Australian government.
Corporate

Santos appoints new board member

Australian LNG player Santos has appointed Kate Vidgen as an independent non-executive director effective June 17.
LNG Terminals

Japan’s Jera gets first Barossa LNG cargo at Futtsu terminal

Japan’s power firm and LNG trader, Jera, has received its first Darwin LNG cargo produced from Australia's Barossa gas field at the Futtsu LNG terminal in Japan.
LNG Terminals

Santos takes FID on Agogo project in Papua New Guinea

Australian LNG player Santos has taken a final investment decision to proceed with the Agogo production facility tie-in project in Papua New Guinea, following approval by the ExxonMobil-led PNG LNG joint venture.