Senex Energy (ASX:SXY) has sold its Roma North gas processing facility and pipeline to major energy infrastructure operator Jemena for $50 million.
Jemena will compress and transport Senex’s natural gas to market under a long-term gas tolling arrangement.
Senex is the first independent Queensland natural gas company in recent years to commission a greenfield gas processing facility.
Managing Director and CEO Ian Davies said completion of the transaction continued to de-risk Senex’s Western Surat natural gas developments.
Shares in Senex Energy (ASX:SXY) closed -2.44 per cent lower at $0.40 yesterday.