Australia extends Tassie Shoals approvals period
MEO Australia has received updated environmental approvals for its proposed Tassie Shoal Projects offshore northern Australia.
The approvals period for the LNG project now runs to 2052 and increase options to process gas of varying qualities into LNG.
MEO plans to construct one LNG plant (TSLNG) with a design capacity of 3 MMt/yr and two methanol plants (TSMP1 and TSMP2), employing 440 MMcf/d or 4 tcf of raw gas over 25 years.
Nearby are various undeveloped offshore gas fields with a high carbon-dioxide (CO2) content – TSMP1 and 2 would be able to accept gas with a CO2 content of up to 30%.
The facilities would be strategically located on a shallow water shoal within the North West Australian hydrocarbon precinct, 275 km (171 mi) from Darwin.
MEO says the updated environmental approvals clarify the potential for TSLNG to accept all gas qualities and compete with alternate development proposals.
Previously the company reported that in conjunction with potential equity partners, it had offered to purchase raw unprocessed gas (including CO2) for $3.15/MMBTU, an offer that was rejected by producers at the time.
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