The Mahalo gas project in Central Queensland has passed a key environmental hurdle on the pathway to production.
Proponent Comet Ridge said today the approval under the Commonwealth Government Environment Protection and Biodiversity Conservation Act was the first of two environmental steps required to move forward to production.
The second was being assessed by the Queensland Department of Environment and Science, it said.
Subject to the MGP meeting all state environmental regulatory
requirements, this second step could be concluded over the coming months.
The project involves construction and operation of 95 gas production wells about 40km north-east of Rollestonh.
It is held by Comet Ridge (40 per cent), Santos (30 per cent) and APLNG (30 per cent).
Comet Ridge managing director Tor McCaul said that although the company had a primary focus on its 100 per cent owned Mahalo North block, he was very pleased to receive the MGP’s first major approval along the development pathway.
He said it was very positive for the company to be progressing both projects at a time when the Federal Government was focusing on natural gas as a logical means of greater support for east coast power markets and industry.