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Elxir Energy well-placed to meet decarbonisation demands with natural gas and hydrogen playsLast updated:
13:05 04 Jan 2024 AEDT First Published: 12:34 04 Jan 2024 AEDT
Written by: Jonathan JacksonAbout this contentViewElixir Energy LtdASX:EXRElixir Energy Ltd -

As the energy mix transitions to meet decarbonisation demands, natural gas and hydrogen are expected to play major roles.
The contribution of natural gas in terms of capacity and generation is crucial for the decarbonisation of the electricity sector. This is true as we move towards zero emissions and on reaching that target.

However, the degree to which natural gas can be effective depends on several vital factors including the design of relevant policies, the availability of technologies for carbon removal, the effectiveness in reducing methane emissions from upstream sources and the risks associated with transitioning to new technologies.Hydrogen is equally important in the mix.

The New Climate Institute states, “Hydrogen is expected to play an important role in the decarbonisation effort to keep global warming at 1.5 degrees.

Net-zero models foresee its share in final energy consumption ranging between 3-20% by 2050."For hydrogen technologies to fulfil this role, sizeable investments need to be made to reduce production costs and improve end-use applications.
” Elixir Energy Ltd (ASX:EXR) has a foot in both camps.

The company is focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM – known as coal seam gas or CSG in Australia) in the South Gobi, Mongolia and Queensland, Australia.

It has also been developing the Gobi H2 green hydrogen project and solar project in Mongolia.

Elixir has built a strong foundation of multiple-level government and other energy stakeholder relationships that are now being used as a platform to grow cleaner energy options.

Elixir’s energy mix
Elixir is focused on three main projects close to important infrastructure in Mongolia and Queensland.Its projects include:The 100%-owned Nomgon IX Coal Bed Methane (CBM) Production Sharing Contract (PSC) Project in the South Gobi region of Mongolia.

The Grandis Gas Project in Queensland covers an area of 1,000 square kilometres located close to existing gas transmission infrastructure centred on the Wallumbilla gas hub. This hub is connected to domestic and international markets.
A Mongolian natural gas business run via wholly-owned subsidiary, GOH Clean Energy LLC, that pursues renewable energy ventures, including hydrogen and solar.
The Grandis Gas Project
In August 2022, Elixir Energy expanded its portfolio by acquiring a 100% interest in the petroleum exploration permit ATP 2044 in Queensland.
This was achieved through the acquisition of the special-purpose vehicle EnergyCapture Pty Ltd, now rebranded as the Grandis Gas Project.
Spanning 1,000 square kilometres, the Grandis Gas Project is advantageously located near the Wallumbilla gas hub, which is connected to domestic and international markets.
The site, part of the long-established Taroom Trough oil and gas province, benefits from easy road access to well locations.

The 100%-owned Nomgon IX Coal Bed Methane (CBM) Production Sharing Contract (PSC) Project in the South Gobi region of Mongolia.
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