LNG (LIQUIFIED NATURAL GAS)

Tassie Shoal gets environmental green light for LNG also

Methanol Australia is another step closer to developing an LNG plant on its Tassie Shoal location after the Federal Government gave environmental approval to the Timor Sea plan.

Tassie Shoal gets environmental green light for LNG also

The approval, which has effect until 6 May 2052, paves the way for the development of a 2.5 million tonnes per annum LNG production and export facility and commits Methanol subsidiary Gastech to a program of meeting environmental objectives including environmental monitoring and the management of impacts.

It is proposed that the LNG project would be installed adjacent to the previously environmentally approved $2 billion Tassie Shoal Methanol Project. Tassie Shoal is an area of shallow water located in Australian waters approximately 275 km northwest of Darwin.

“These two projects recognise the potential to commercialise the vast natural gas resources of the Timor Sea by locating close to the gas sources and thereby avoiding the high cost of long subsea gas supply pipelines. Additionally the projects will share infrastructure and logistic support, significantly reducing operating costs for each project,” said managing director Chris Hart.

Melbourne-based Consulting Environment Engineers Pty Ltd conducted the LNG approval process, supported by Worley Limited and Costain Oil & Gas Ltd, the designers of the LNG process module, and Ove Arup, the designers of the LNG tanks.

Construction of the Tassie Shoal LNG Project is expected to begin in 2007, with first production targeted for 2010, and involves two concrete structures each containing conventional nickel steel LNG storage tanks. These structures would also provide the support for the LNG production module.

The company was also previously awarded a petroleum exploration permit over the area NT/P68 (NT03-3), approximately 25 kms immediately west of the Tassie Shoal Project and Timor Sea LNG Project, 275 kms north of Darwin.

The NT/P68 Permit will have an initial life of 6 years, with two further 5-year rights of renewal, and covers an area of 12,070sq kms which contains a number of significant natural gas and liquids prospects. A gas discovery would significantly enhance the supply options for the Tassie Shoal gas conversion projects.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry