BlueScope will have access to reliable and secure energy over the next decade thanks to a new gas supply deal with Senex Energy.
Senex will supply 20 petajoules (PJ) of natural gas over 10 years from January 2026 from its Atlas Project in Queensland’s Surat Basin to support the production of world class products from BlueScope’s manufacturing operations, including the Port Kembla Steelworks.
Senex Chief Executive Officer Ian Davies said Senex was proud to support Australia’s largest steel producer in this decade-long agreement.“Steel is a key pillar of our modern world and it’s so important that this critical industry can continue in an economically sustainable way here in Australia.
“Natural gas is an essential fuel in local manufacturing, especially those with high industrial heat loads. Natural gas will continue to play a vital role in Australian industry in both replacing more carbon-intensive forms of energy and providing a reliable source of energy as intermittent renewables and new technologies mature and work at scale,” Mr Davies said.
BlueScope Chief Executive Australian Steel Products, Tania Archibald said that the new gas supply agreement was an important part of BlueScope’s manufacturing operations given natural gas is an essential input across its manufacturing footprint.
“A secure and reliable supply of natural gas to our operations is important to BlueScope and a decade-long gas deal with Senex assists in meeting this objective. This contract plays a part in supporting our manufacturing operations, delivering quality steel products used in the Australian building, defence, agricultural and renewable energy industries,” Ms Archibald said.
This new gas agreement between Senex and BlueScope is subject to certain conditions precedent and Senex will work with Government to satisfy the conditions as soon as possible.