Source: LNG Ltd.
Liquefied Natural Gas Limited, or LNG Ltd., has executed an agreement with Metgasco Ltd. to study the feasibility of a gas to LNG project in Australia.
The joint study will include the viability of gas supply, transportation, liquefaction and sale of LNG from Metgasco’s 100% owned coal seam reserves and conventional gas resources in the Clarence Moreton Basin, to LNG Ltd’s 100% owned Gladstone LNG Project, at Fisherman’s Landing, Port of Gladstone, Queensland. The study will also include the option of gas supply to a potential LNG project to be sited within the Port of Brisbane.
Metgasco’s internal estimates indicate that its gas resources, present within PEL 16, 13 and 426, may be sufficient to supply an LNG plant of up to 3 million tones per annum over a 20-year gas supply contract term. This would require approximately 3,6000 PJ of gas feedstock.
“In conjunction with the study, we will be continuing our program to attract a strategic partner and LNG buyer, based on a more integrated gas to LNG project,” said Maurice Brand, managing director of LNG Ltd. “Our preliminary assessment shows that the extra gas pipeline distance from Metgasco’s resource to Gladstone is not a critical factor in the overall project economics or project schedule.”
LNG’s Fisherman’s Landing site in Gladstone has sufficient area for 4 LNG trains totaling a guaranteed 6 mtpa, with a nameplate capacity of 7 mpta, based on the current completed FEED for the first LNG tran of 1.5 mtpa.