Esso-B.H.P. Plan For Oil Exports
(N.Z. Press Association—Copyright) SYDNEY, May 24. The oil-gas off-shore exploration team, Esso-8.H.P., plans to develop a major export trade in liquid petroleum based on its finds of natural gas in Bass Strait.
The consortium has announced that work will begin immediately on a multi-mil-lion dollar natural gas and oil development project at Westernport Bay, Victoria, which will be the centre of Australia’s first major petroleum export industry. The group hopes to begin exporting millions of dollars’ worth of liquified petroleum gas (L.P.G.)—butane and pro-
pane—to Japan, Asia, South America and possibly New Zealand after the first Bass Strait natural gas begins to flow in 1969.
Reports Encouraging Mr W. Ganskopp, Esso’s natural gas marketing manager, said in Sydney today, “we have had a task force of experts roaming the world looking for potential markets for L.P.G., and their reports are so encouraging that we are going ahead with this very costly project. “I cannot say where the most likely markets are at present, but we have investigated all possibilities, and I’m sure New Zealand will not have been overlooked.”
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Press, Volume CVII, Issue 31378, 25 May 1967, Page 17
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184Esso-B.H.P. Plan For Oil Exports Press, Volume CVII, Issue 31378, 25 May 1967, Page 17
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