MENU

BHP’s $1.5 billion WA natural gas plant is open for business

BHP Billiton‘s (ASX: BHP) domestic gas project is ready to pay off. The company announced today that its Onslow, WA Macedon domestic project is officially online, compliments of WA Premier Colin Barnett.

The $1.5 billion facility has unofficially been producing since August, when the first offshore gas from the Exmouth Sub-Basin was commercialized for domestic consumption. “BHP Billiton is playing an important role in securing a diverse and reliable energy supply for Western Australia,” said Asset President Conventional Steve Pastor in a statement today. “Macedon is BHP Billiton’s largest operated Australian domestic gas project and is expected to supply domestic gas for the wholesale market in Western Australia until at least 2033. The operation will supply 20 per cent of the State’s daily domestic gas supply for consumers and industry.”

With a production capacity of 200 terrajoules per day, the plant will be busy pulling gas from four offshore wells to ship off to WA consumers via the Bunbury Natural Gas Pipeline (jointly owned by DUET Group (ASX: DUE) and Alcoa (ASX: AAI), the longest line in Australia.

Natural gas isn’t the only thing booming across Australia. In the market for high yielding ASX shares? Get “3 Stocks for the Great Dividend Boom” in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading


Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter @TMFJLo.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.