The Santos-operated US$18.5 billion GLNG project is expected to ship its first cargo soon with the arrival of first tanker at the liquefaction plant on Curtis Island off Gladstone.
MISC-operated Seri Bakti, with a capacity of 152,300 cubic meters, docked at the GLNG jetty on Monday, Australia’s Santos said.
The first GLNG cargo will be delivered to South Korea’s Kogas.
Santos, which holds a 30 percent stake in the joint venture with Petronas (27.5%), Total (27.5%) and Kogas (15%), announced last week that the 7.8 mtpa plant started producing the chilled gas from Train 1. The second train is expected to be ready for start-up by the end of the year.
Early cargoes from the LNG project will be sold on a spot basis until long-term delivery contracts for more than 90 percent of the output kick in after a commissioning period, according to a report by Reuters.
GLNG produces natural gas from Queensland’s coal seams in the Surat and Bowen Basins. The gas is being shipped through a 420-kilometre transmission pipeline to the LNG plant on Curtis Island.
LNG World News Staff; Image: Santos