LNG

March 1 (LNGJ) – The US state of California has no LNG projects and now several Australian exploration and production companies are targeting the state’s onshore natural gas. Sacgasco Ltd and Xstate Resources have agreed to assign part of their licence in California to a third Australian company, Bombora Natural Energy, for the Alvares conventional gas prospect located in the onshore Sacramento Basin. The Sacramento Basin field has estimated resources of 2.4 trillion cubic feet of natural gas. “The original 1982 well was drilled for oil and encountered high gas shows over a 1,500 metres interval of conventional reservoirs,” said Gary Jeffery, Managing Director of Sacgasco. “We welcome Bombora to the Alvares joint venture and appreciate the confidence this farm-out shows in Sacgasco’s interpreted potential of the under‐explored parts of the Sacramento Basin,” he added.