Southern Green Gas today announced it is seeking four Founding Buyers to assist with the funding and development of its green liquefied natural gas (green LNG) business in Australia.
Southern Green Gas aims to be the first to market with a scalable green LNG solution, for production in Australia and for export globally. The business leverages Australia’s three co-located competitive advantages of abundant sunshine, plentiful low cost, flat, non-arable land and world scale gas pipeline and LNG infrastructure.
The only inputs are air and sunlight. Southern Green Gas uses solar generated electricity to:
LNG market dynamics
Southern Green Gas’ project is ideally positioned to take advantage of the rapid global expansion currently underway, which is seeing hundreds of millions of tonnes of LNG receiving infrastructure (ie regasification terminals) being developed at ports across the world.
This receiving infrastructure also provides a ready platform for a massive expansion in green LNG marine bunkering capacity at these ports.
Source: DNV GL Energy Transition Outlook 2020 Figure 4.3.16
A demonstration project is currently underway. All milestones on the project have been successfully met to date.
In parallel, Southern Green Gas is planning its first commercial project to be located in western New South Wales near to APA’s existing Moomba to Sydney pipeline. It has a planned output of 30,000 tonnes per year with modular expansion on the site to 1mtpa.
Southern Green Gas is aiming for project commitments totalling 10mtpa by 2030.
To fund this work program and meet potential buyer needs, Southern Green Gas is offering Founding Buyers the right to offtake a portion of the output from Southern Green Gas’ projects.
“The fastest and lowest cost way to materially decarbonise the global energy sector is green LNG powered by Australia’s sunshine. We are seeking partners who share our vision,” said Southern Green Gas Managing Director, Rohan Gillespie.
Southern Green Gas Director of Strategy and Corporate Development, Mike Oppenheimer said: “I experienced a range of alternative energy developments whilst with BHP and before. These included LNG in the North West Shelf and offshore, BHP’s methanol fuel initiative with Mitsubishi and direct application of oxygenated fuels as an alternative to fossil fuels. To make an impact, new energy sources need to be scalable and robust against a wide range of market and regulatory scenarios. Southern Green Gas’s solution does this by leveraging Australia’s vast areas of sun-drenched non-arable land, delivering the renewable energy through existing gas infrastructure.”
Parties interested in becoming a Founding Buyer should contact Rohan Gillespie at firstname.lastname@example.org or on +61 438 722 443.