The Natural Gas Company - Metgasco Limited
Our business is about finding, producing, marketing and delivering gas from natural gas reserves. We are a natural gas company that is focused on developing the coal seam gas and conventionally trapped gas resources of the New South Wales Clarence Moreton basin.
We have established a large natural gas reserve base and are in the process of converting our gas reserves into gas supplies delivered to customers. Metgasco has grown its reserve base at a very low cost relative to other companies. Our finding cost per gigajoule of 2P reserves is amongst the lowest in Australia. This provides the basis for shareholder value creation in the future.
We are located on the doorstep of SE Queensland, Australia's fastest growing energy market. We have established commercial relationships with two of the largest natural gas companies in Queensland.
To deliver gas to our customers, Metgasco is developing the Lions Way pipeline to take gas from our gas fields in northern NSW to customers in SE Queensland. Brisbane is the only major capital city in Australia which receives its gas supply from a single gas pipeline. The Lions Way Pipeline will provide an alternative gas delivery mechanism into Brisbane enhancing security of supply to this market.
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