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

Contracts and Tenders

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).
LNG as Fuel

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.
LNG as Fuel

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

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.
Contracts and Tenders

Santos inks LNG supply deal with QatarEnergy’s trading unit

Australian LNG player Santos has signed a mid-term LNG supply deal with QatarEnergy Trading, a unit of state-owned LNG giant QatarEnergy.
Corporate

Santos enters exclusive due diligence with Adnoc-led consortium

Australian LNG player Santos has entered into a process and exclusivity agreement with a consortium led by Adnoc's investment unit, XRG, related to the latter's $18.7 billion takeover offer.
LNG Terminals

Santos: Barossa project in final stages of commissioning

The Barossa gas project, which will supply feed gas to the Santos-operated Darwin LNG plant, is now in the final stages of commissioning following the arrival of the BW Opal FPSO at the Barossa gas field.

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