MEO Australia has secured environmental approvals for its Tassie Shoal liquefied natural gas (TSLNG) project in the Timor Sea, located offshore Northern Australia.

The clearances will extend the approvals period for the LNG project to 2052, while increasing the flexibility to process gas of varying qualities into LNG.

Comprising one LNG plant and two methanol plants (TSMP1 and TSMP2), the potential Tassie Shoal projects are located on a shallow water shoal within the north-west Australian hydrocarbon precinct, about 275km from Darwin.

The projects are surrounded by undeveloped high CO2 gas fields that are presently held under retention leases.

"The Tassie Shoal Projects represent a high-potential, low-cost and long-term opportunity for MEO shareholders."

With a design capacity of three million tonnes per annum (mtpa), TSLNG provides cost savings and the updated environmental approvals clarify that the plant is capable of accepting all gas qualities.

The two methanol plants will use 440 million square cubic feet per day (mscf/d) of raw gas for a period of 25 years and can accept raw gas with a CO2 content of up to 30%.

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By GlobalData

MEO Australia managing director and CEO Peter Stickland said: "These updated environmental approvals for the LNG Project now align both the requirements for feedstock gas and the approval period to 2052.

“The Tassie Shoal Projects represent a high-potential, low-cost and long-term opportunity for MEO shareholders.”

The project offers a commercialisation path to LNG for any of the remote gas resources in the region, and the design basis is that liquids would be removed from the raw gas at the field location, with dry gas piped to Tassie Shoal for further processing into LNG.