LNG

Feb 9 (LNGJ) - MEO Australia, the developer of the postponed Tassie Shoal LNG project in the Timor Sea, said it was pushing ahead with its preferred operations in Cuba. MEO said ongoing technical review of its onshore Cuba Block 9 production sharing contract with the national oil company, Cuba Petroleo Union, confirms the "significant prospectivity" of the block. "MEO's established position in Cuba provides a strong early mover advantage ahead of ongoing strengthening of diplomatic relations between Cuba and the US," it said. "Cuba's energy industry holds significant appeal, including low production costs (US$9.00 per barrel), large-scale import replacement potential and an attractive fiscal regime," MEO added.