Tag: Blue Energy

Blue Energy says it has received positive results from a pre-feasibility study for a gas-fired power project in the Nebo area.

Blue commissioned engineering firm Clough to undertake the pre-feasibility/business case study for the proposed plant, which would use gas from its Monslatt Block tenement (ATP814).

"The findings of the study show that low-emission gas-fired peaking capacity is economically viable under a range of machine sizes (megawatt output), configurations and electricity prices," Blue Energy managing director John Phillips said in a company statement.

"Given Blue’s 100 per cent ownership of the gas and. . .

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Bowen Basin gas developer Blue Energy has signed a memorandum of understanding that paves the way for it to bring gas to North Queensland industry.

The MOU is with North Queensland Gas Pipeline owner Palisade Investment Partners, whose 391km pipeline system takes gas from the Moranbah Gas Project to Townsville.

The agreement will see both companies market gas from Blue Energy's Sapphire Block in the northern Bowen Basin and seek use of Moranbah Gas Project processing facilities.

Blue Energy says the MOU will expedite the supply of new domestic gas to North Queensland users seeking a long-term, affordable. . .

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Additional infrastructure is needed as a priority to further open the potential of the Bowen Basin's gas reserves, according to the head of Brisbane-based company Blue Energy Limited.

Chief executive officer John Phillips said a new pipeline south from Moranbah was required to bring more gas to the east coast market.

He said the potential for the Bowen Basin to be a major contributor to Australia’s diminishing east coast gas supplies had received a timely boost with a significant resource upgrade in the northern Bowen Basin region announced by Blue Energy.

Mr Phillips said the area was. . .

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