A Japanese consortium has teamed up to take a 30% stake in the Bass Strait Sole gas project from Austrian-based OMV.
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.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
