Newsbase - Asia Oil & Gas News Montior Subscribe to download Archive

AsianOil: Senex unveils Surat Basin gas expansion plans

Australia’s Senex Energy has said it will invest more than AUD1bn ($710mn) into an expansion of its Atlas and Roma North gas projects in Queensland’s Surat Basin. The company described the expansion as being part of a push to “help secure Australia’s energy future”.

The company said that it was ready to increase its gas production to 60 petajoules (1.6bn cubic metres) per year, following years of exploration and studies. This figure represents more than 10% of gas demand from Australia’s East Coast and around 40% of Queensland’s demand, Senex noted. Work on the expansion is due to begin in the coming weeks, with first gas anticipated within two years.

If you’d like to read more about the key events shaping Europe’s oil and gas sector then please click here for NewsBase’s AsianOil Monitor.