Santos, Origin sign new supply agreement with Qenos
Santos has advised that, together with Origin Energy, it has signed a new agreement for the supply of ethane gas to polyethylene manufacturer Qenos, under which Santos and Origin will supply Qenos an estimated 27 PJ for the remainder of 2017 until the end of 2019.
Processed at the Santos-operated Moomba gas plant and piped to Qenos’ operations at Botany Bay in Sydney, the ethane is used as a feedstock in the manufacture of polyethylene, Santos advised.
“The Cooper Basin has been supplying ethane to Qenos for over 20 years, and I am delighted we have been able to agree new supply arrangements with the company and reinforce our support for Australia’s manufacturing industry,” Santos Managing Director and Chief Executive Officer Kevin Gallagher commented.
“The agreement also highlights the point that gas is not only a clean, reliable energy source, it is a critical constituent in a range of manufactured products.”