The news magazine of the South Pacific · since 1930

Pacific Islands Monthly, 1 December 1999Vol. 69 No. 12

World's largest gas deposit found off New Caledonia

p. 21 · Read in the full issue

What is believed to be the

world’s largest gas deposit

has been found off New Caledonia’s coasts by French oceanographic research vessel Atalante, daily newspaper Les nouvelles Caledoniennes reported mid-November.

The deposit, which is estimated to be as much as 80,000 square kilometre-rich, is lying underwater at a depth of some 600 meters, 240 kilometres off New Caledonia.

The deposit consists of gas hydrate, a

mix of water and methane, and was initially located by a joint French-Australian research mission last year under a so-called ZONECO programme, purporting to scan New Caledonia’s exclusive economic zone and assess its marine and mineral resources

potential.

The gas deposit also signal the potential presence of oil at an estimated depth of 2,000 metres underwater, ZONECO mission leader, geologist Jean-Marc Auzende said.

Scientists in Noumea believe the oil deposit could also be “huge” and “potentially interesting” for future exploitation by oil companies.

The deposit, which is located near Australian territorial waters, is “technically exploitable”, scientists said.

“The conditions are very similar to what you can find in the Mexican Gulf, where exploitation had been going full swing for years,” Auzende noted. (PINA Nius Online) ■