Australia's east coast may become home to a natural gas Green Highway
Kogas and Blue Energy have a vision to create a “Green Highway” for NGVs along the Australian eastern seaboard
Brisbane-based Blue Energy Limited has signed a Memorandum of Understanding (MOU) with Korea Gas Corporation (KOGAS) to investigate the feasibility of developing small scale Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG) projects within Eastern Australia. A joint working group will be formed to identify potential opportunities for the development and operation of micro LNG and CNG facilities with the aim of providing a clean, environmentally friendly alternative to existing fuels such as diesel, petrol and LPG.
The MOU was signed this week in Perth in the presence of Jung Gwan Kim, Korean Deputy Minister for Energy and Resource Policy and John Hartwell, Head of Resources Division, Australian Ministry of Resources, Energy and Tourism.
KOGAS, the world’s largest LNG importer, is a strategic partner and shareholder of Blue Energy.
Blue Energy Chairman Peter Cockcroft says “KOGAS and Blue Energy have a vision for the creation of a “green highway” where environmentally friendly natural gas powered vehicles, both cars and trucks, can travel uninhibited by fuel availability constraints up and down the east coast of Australia.”
The utilisation of natural gas vehicles within Australia is extremely low when compared to other parts of the world, and with the abundance of natural gas within Australia, the development of this market is expected to deliver significant benefits to Australia, both environmentally and economically.
“The use of natural gas as a transport fuel significantly reduces greenhouse gas emissions when compared to traditional fuels such as diesel and petrol, and can provide substantial cost savings,” Cockcroft added. “These savings can then be passed on to the public in the form of lower prices for goods and services”.
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