Metgasco Looks at New Offshore Gas Plant on Australia's Eastern Seaboard

The coal seam gas industry is expanding to meet the growing demand for energy from Asian nations. Metgasco (ASX:MEL), a major coal seam gas company, is currently considering developing a new offshore natural gas plant near the New South Wales coastline.

The floating liquefied natural gas plant was the subject of a memorandum of understanding with LNG Ltd. to conduct a feasibility study of the gas supply, transportation and sales from the CSG reserves of Metgasco. It will also consider sale of gas from conventional resources in the Clarence Moreton Basin in New South Wales to LNG Ltd's Fisherman's Landing project at Gladstone in Queensland.

The study will also consider the viability of being able to supply gas to a potential LNG project at the Port of Brisbane as well. The LNG Ltd's Fisherman's Landing project had been put on hold earlier as their potential supplier Arrow Energy has been taken over by Shell. It is now hoping to use Metgasco as a supplier.

Metgasco is building a gas pipeline to south east Queensland and feels that by extending it to either the Port of Gladstone or the Port of Brisbane would prove beneficial to them.

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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