Liquid Cold has materially progressed its joint study with an ASX Top 50 listed Petroleum Operator to assess a new domestic gas market.
It has recently completed technical and commercial cost definitions for the development of a total gas to customer solution through the application of small scale LNG plant technology and fuel delivery value chains.
The joint study group has also worked concurrently with the major power off-take counter-parties to understand the risks, challenges and opportunities, so as to ensure the successful and sustainable implementation of the project and its objectives.
With the conclusion of this phase of the joint study the project is expected to move into the sanction phase during Q3 2016.