OGJ Newsletter

NL Bulletin Australian Timor Sea LNG development is being accelerated to meet urgent demand for gas in southern California and Mexico's Baja California peninsula. Phillips Petroleum Co. and El Paso Corp. have signed a letter of intent to develop a world-class LNG project that entails exporting 4.8 million tonnes/year of LNG from a proposed Optimized Cascade process plant near Darwin, Australia, to a proposed terminal on the North American West Coast. The gas would come from the Timor Sea's Greater Sunrise fields, estimated to hold 9 tcf (OGJ, Dec. 11, 2000, Newsletter, p. 8). Units of the two firms have signed a letter of intent for El Paso to purchase LNG on a long-term basis beg...

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