Beach Energy and ITOCHU have identified potential South Australian sites for a proposed mid-scale liquefied natural gas (LNG) facility.
A memorandum of understanding between the companies is underway for the project.
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The facility will receive supplies from Beach’s gas portfolio, which includes conventional and unconventional gas resources.
The proposed LNG facility and offloading terminal will need 60PJ of gas and will a capacity of one million tonnes per year with an investment of A$1bn ($980m).
LNG from this facility will be exported into Far East markets such as Japan.
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By GlobalData
