Comet Ridge signs MoU at Mahalo North
PERTH (miningweekly.com) – Natural gas developer Comet Ridge has inked a memorandum of understanding (MoU) with ammonia producer Orica on potentially signing a long-term gas offtake agreement at Comet Ridge’s Mahalo North gas project.
Under the MoU, the parties will commit in the coming months to progressing an initial gas sales agreement and development funding structures through term sheet and binding documentation phases.
A key element in the development of Mahalo North, and a condition of the commercial arrangements with Orica, will be finalising infrastructure access to connect Mahalo North to the Queensland Gas Pipeline (QGP).
Comet Ridge said on Tuesday that its recently announced MoU with Jemena would provide one option for a pipeline connection into the QGP, as well as providing for gas haulage arrangements via the QGP into Gladstone.
“Following our very successful production test from Mahalo North last year, followed by 2P and 3P gas reserves certification in November, we have had a lot of inbound interest for gas sales from our Mahalo Hub projects,” said MD Tor McCaul.
“We are very pleased to be forming this long-term relationship with a blue-chip gas buyer, with a strong gas market reputation, in Orica. Orica’s Yarwun project is close to the Mahalo Gas Hub and will operate well into the future, given the enormous need for natural gas for manufacturing for the next several decades. We welcome Orica alongside CleanCo, as high-quality foundation customers for Comet Ridge.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...
VISIT SHOWROOM
Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
