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Senex Energy announces gas supply deal with Queensland refinery

September 28/2020

MOSCOW (MRC) -- Senex Energy Ltd.  announced a domestic gas sales agreement (GSA) for up to 2.5 petajoules (PJ) of natural gas with Southern Oil Refinings Northern Oil Refinery near Gladstone, said Hydrocarbonprocessing.

Northern Oil Refinery will use Atlas natural gas in its oil refining and advanced biofuels production plants at Yarwun, near Gladstone. These plants represent a world-class approach to management of used oils and are aimed at eliminating waste.

The biofuels production plant is undertaking ground-breaking research in the application of waste materials to produce bio-crude oil. Under the initial two and a half year agreement, Senex will supply Northern Oil Refinery with 0.3 PJ of gas a year with a mechanism to extend the supply of gas for a further five years at 0.35 PJ a year, taking the total contract quantity to 2.5 PJ. Gas is being supplied at the Wallumbilla Gas Hub in Queensland at a fixed price in line with current market levels, indexed annually.

Managing Director and Chief Executive Officer, Ian Davies said the gas sales agreement with Northern Oil Refinery follows the announcement of Senexs planned 50% increase in Atlas natural gas production. Senex is pleased to be supporting 30 jobs directly and hundreds of jobs indirectly by providing natural gas to our new customer, Northern Oil Refinery and their Gladstone oil recycling plant.

This gas sales agreement adds to our existing portfolio of domestic customers with a Queensland presence including CSR, Orora, Visy Glass and CleanCo Queensland, reinforcing Senexs importance as a supplier of natural gas to the east coast market. Senex is committed to investing for the long-term to unlock both development-ready and exploration opportunities and working with our customers to deliver affordable and sustainable gas supply to the domestic market. It is also critical that customers commit to suppliers, just as Northern Oil Refinery has done, so as to support ongoing investment in upstream gas development," Mr Davies said.

Announcement follows the award of new Atlas gas acreage to Senex as part of the Queensland Governments domestic gas acreage tender process. The new acreage will underpin a 50% increase in Atlas gas production to ~18 PJ/year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's overall PE production totalled 1,712,400 tonnes in the first seven months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE) accounted for the greatest increase in the output. At the same time, overall PP production in Russia increased in January-July 2020 by 24% year on year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the output.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, petrochemistry, Crude oil.
Category:General News
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