A Japanese consortium has teamed up to take a 30% stake in the Bass Strait Sole gas project from ...
Tokyo Gas Company and Mitsubishi Corporation have taken the stake through Trinity Gas Resources Pty Ltd, which leaves OMV with 35%. Santos holds the remaining 35%.
The field is expected to come on line in 2005 with Tokyo Gas saying it expects to put at least $85.2 million into the project.
Gas from the 5bcf Sole gas will be processed at OMV's Patricia Baleen gas plant, located onshore Gippsland in Victoria.
Mitsubishi controls Trinity Gas, with a 75% stake.
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