LNG

Aug 7 (LNGJ) - MEO Australia Ltd, the developer of the Tassie Shoal Methanol and LNG projects offshore Northern Australia, has appointed investment bank UBS as an adviser following a number of discussions with parties who had expressed interest in obtaining equity in these projects. The Tassie Shoal projects are located within the North West Australian hydrocarbon precinct, about 275 kilometres from Darwin. The MEO projects include a plan to develop a Floating LNG plant with 3 million tonnes per annum of output. Environmental approvals have already been secured and remain current until 2052.