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- Senex Energy (SXY) pens a long-term, domestic gas sales agreement with fellow ASX-lister Adbri (ABC)
- The agreement will see Senex supply up to 11 petajoules of natural gas to support Adbri’s South Australian manufacturing operations from January 2023 until 2030
- Senex Managing Director and CEO Ian Davies says the agreement will help extend the company’s reach across the east coast of Australia
- Senex Energy last traded at $3.15, while Adbri was trading at $3.42 on July 21
Senex Energy (SXY) has penned a long-term, domestic gas sales agreement with fellow ASX-lister Adbri (ABC).
The agreement will see Senex supply up to 11 petajoules of natural gas to support construction and industrial mineral manufacturing company Adbri’s South Australian manufacturing operations until 2030.
Senex will start supplying gas from January 2023 at the Moomba Gas Hub, which forms an integral part of Adbri’s low-carbon fuel portfolio.
Senex Managing Director and CEO Ian Davies said it’s pleased to welcome Adbri as a new long-term customer, which helps extend SXY’s reach across the east coast of Australia.
“We look forward to building another strong and mutually beneficial relationship that supports jobs, the economy and helps meet Australia’s energy demand as it transitions to a lower carbon future,” said Ian Davies.
Meanwhile, Adbri CEO Nick Miller said the new deal will underpin the company’s low-cost and low-carbon cement manufacturing operations in South Australia, while also supporting the economy and local jobs.
Since 2019 Senex has signed almost 60 petajoules of natural gas sales agreements with a range of companies. Its long-life Surat Basin assets contribute around 20 petajoules of natural gas per year to the Australian east coast gas market.
Senex Energy last traded at $3.15, while Adbri was trading at $3.42 on July 21.
