Posted by RavingStarkMGN has long been hinting that a key focus...

Posted by RavingStark
MGN has long been hinting that a key focus is the establishment of a methanol production near Darwin - in league with a "major global methanol producer". At the crux of this is an agreement that confers MGN certain rights to supply gas to such a methanol plant
Recent developments suggest that the development of the methanol plant is more likely to occur. Who the "major producer" is has yet to be revealed, but my feelings are that MGN/MPET are the forward scouts for a significant venture.
Recent events seem to support this:
*New US director on board - very well connected with capability to smooth through large transactions.
*Award of large exploration acreage 100% immediately to south of Evans Shoal (and interestingly close to MEO's Gas discoveries to the west)
*Negotiation of purchase of 40% of Evans Shoal from STO. This is 40% of ~6.6TCF high Co2 gas...suited to methanol production.

Gas from MGN/STO's Amadeus Basin on-shore assets is also available to supplement any offshore production from Evan's shoal. And other 3rd party high CO2 undeveloped discoveries (such as STO's Caldita) may be negotiated to ensure that a volume of gas is available to underwrite a major long-term project.
Is the plan to develop the methanol plant on-shore Darwin & develop a pipeline ~ 275km? If so where does MEO's Tassie Shoal's project fit if the scenario develops as suggested.
Raving