Senex and ENGIE have entered into a conditional gas supply agreement for the supply of 9 petajoules (PJ) of natural gas from its proposed Atlas expansion in Queensland’s Surat Basin from 2025.
Senex Chief Executive Officer Ian Davies said Senex’s more than $1 billion investment in new gas supply was part of a critical safety net for Australian energy consumers during the country’s large scale renewable energy build out.
“The transition to a cleaner energy future requires natural gas as an essential firming fuel – and that’s what Senex plans to deliver,” Mr Davies said.
“We’ve already seen the success of natural gas as a firming fuel for intermittent renewables in South Australia in enabling the State to reach a high portion of renewables in their energy mix without compromising reliability.
“When the wind doesn’t blow and the sun doesn’t shine, Senex’s natural gas will be there to help keep South Australia’s household’s lights on, factories turning and workers working.
“Senex is proud to be stepping up and playing its part in supplying Australia with the energy it urgently needs,” Mr Davies said.
ENGIE joins fellow South Australian businesses Orora and Liberty Primary Steel Australia in securing reliable gas supply from Senex’s proposed Atlas expansion from January 2025.
The new gas agreements are subject to certain conditions precedent and Senex will work with Government to satisfy the conditions as soon as possible.