The Greater Meridian Permits are the cornerstone assets of Westside. The Greater Meridian Permits are the closest producing gas fields to the LNG export facilities at Gladstone and are connected to both the GLNG pipeline and the domestic market via the Queensland Gas Pipeline (QGP). Westside is also a participant of the Wallumbilla Gas Exchange and can supply gas into the east coast domestic gas market via the Wallumbilla Hub.
Westside’s initial investment in the Greater Meridian Permits consisted of PL 94 and the Dawson Co-Development Area. Since 2015, the development of these areas has been underpinned by a 20-year GSA to sell gas to the GLNG project at oil-linked prices. This agreement provides Westside with long-term customer security and a flexible path to expand production.
Westside has subsequently acquired adjacent acreage that makes up the balance of the Greater Meridian Permits. Production from this additional acreage is not committed to GLNG and provides scope for domestic sales.