Around $140 million will be invested and 200 jobs created following agreements entered into between Senex and Jemena that will fast-track gas from Senex’s Project Atlas to the domestic market by late 2019.
Major infrastructure operator Jemena will build, own and operate a 40 terajoule per day gas processing facility and pipeline to deliver gas from the Project Atlas natural gas acreage in the Surat Basin to the Wallumbilla Hub, the gateway to the domestic gas market.
Senex was awarded the Atlas acreage, located near Miles, by the Queensland Government in September 2017 following a competitive tender. Atlas is a high-quality resource and Senex is developing the 58 square kilometre block for the Australian domestic gas market.
Managing Director and CEO Ian Davies said today’s agreement brought Senex one crucial step closer to delivering gas to domestic customers.
“We are extremely pleased to be partnering with Jemena to fast-track Project Atlas to provide additional gas volumes into the domestic market.
“Last year we made a commitment to deliver gas to the domestic market by the end of 2019. We are systematically bringing together all the critical elements to do just that,” he said.
The strategically located infrastructure will provide a long-term physical connection from a highly-productive area of the Surat Basin directly into the Wallumbilla Gas Hub. The design of the processing facility also contemplates future expansion for Senex or other third parties in the area to connect and supply into the domestic market.
“This $140m investment will not only create new jobs and support the local economy in the Western Downs region, but will result in generating royalties and benefits beyond the region and the State,” Mr Davies said.