LNG

May 23 (LNGJ) - MEO Australia, which has plans to develop the Tassie Shoal LNG project in the Timor Sea, was awarded a new exploration permit, WA-488-P in the Bonaparte basin. WA-488-P covers an area of 4,105 square kilometres. MEO Managing Director Jurgen Hendrich said of the permit: "The award of WA-488-P substantially enhances our acreage footprint in the region. MEO is very encouraged by the prospects identified within the permit, the materiality of which will no doubt appeal to the larger oil and gas companies."