MEO offers equity in Tassie Shoal (methanol and LNG) projects

Offshore staff

MEO Australia Ltd. is offering equity in the Tassie Shoal methanol and LNG projects proposed for offshorenorthern Australia. MEO has appointed UBS AG as itsadviser to help conduct the formal process.

The Tassie Shoal projects are located within the North West Australian hydrocarbon precinct, about 170 mi (275 km) from Darwin.

The methanol projects consist of developing two 1.75 million ton per annum (Mtpa) methanol plants based on Davy Process M5000 technology with the potential to accept gas with a carbon dioxide content of up to 30%.

Environmental approvals have been secured in accordance with the EPBC Act and remain current until 2052. The LNG project environmental approvals include provision for a review process every five years, with the next review due in 2017.

08/07/2014