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evans shoal & ts getting press

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    The following from upstream.online

    ADL


    Link-up for Evans Shoal field

    By Russell Searancke

    02 May 2014 00:00 GMT

    AN introductory meeting is on the cards between the Shell-led owners of the Evans Shoal gas field in Australia and a major Asian company over the potential monetisation of the field.

    The Asian investor is a potential partner of MEO Australia, which is the proponent of the Tassie Shoal methanol project that MEO has been promoting for years but for which it lacks a gas supply source.

    MEO long ago identified the big Evans Shoal field as a potential feedstock “considering its proximity, high CO2 (carbon dioxide) content and lack of practical development alternatives”.

    MEO’s potential Asian partner is a large chemical industry player that has agreed non-exclusive terms to build, partially own and operate Tassie Shoal, which would have one or two trains of 1.75 million tonnes per annum of methanol.

    MEO’s latest guidance is that its potential investor “is considering an invitation to participate in an introductory meeting with the Evans Shoal joint venture” regarding gas supplies.

    MEO also said Shell and its partners have applied for a retention lease for Evans Shoal.

    The intentions of the Evans Shoal co-owners — Shell on 32.5%, Eni on 32.5%, Petronas Carigali on 25% and Osaka Gas on 10% — are unknown. Eni has said previously it is committed to a “fast-track development”.
 
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