Santos, Origin sign ethane gas supply agreement with Qenos
Santos announced that, together with Origin, it had signed a new agreement continuing its support for the manufacturing industry through the supply of ethane gas to Qenos, Australia’s sole producer of polyethylene and a leading supplier of world class polymers.
Under the agreement, Santos and Origin will supply an estimated 27 petajoules to Qenos for the remainder of 2017 until the end of 2019.
The ethane is processed at the Santos-operated Moomba gas plant and piped to Qenos’ operations at Botany Bay in Sydney for use as a feedstock in the manufacture of polyethylene. The polyethylene produced by Qenos is used across a range of industries and applications, including consumer and industrial packaging, water conservation, waste management and agriculture.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said he was pleased Santos could continue to provide ethane to the New South Wales manufacturer.
The ongoing development of shale gas resources in the US has spurred infrastructure construction for both natural gas processing capacity and LNG export terminals.
Russian natural gas monopoly Gazprom is strengthening its presence in the gas market of the Middle East through the planned construction of an 11-metric-MMtpy–12-metric-MMtpy LNG plant in Iran.
The New LNG Imperative
The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.
November 29, 2017 10am CST