Senex Energy completes sale of Roma North gas facility

Company News

by Rachael Jones

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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.