BG: AUD 1.7 bln for QCLNG feedgas development

BG Group’s QGC and its Asian partners will invest A$1.7 billion to secure more gas for the two-train QCLNG liquefaction plant in Australia.

The joint venture partners are China National Offshore Oil Corporation and Japan’s Tokyo Gas.

The two-year development of QGC’s tenements in the Surat Basin aims to sustain natural gas supply to both domestic customers and the Queensland Curtis LNG plant on Curtis Island, near Gladstone, BG Group said in a statement on Sunday.

Managing Director of QGC, Tony Nunan said the QCLNG plant has delivered 62 cargoes since first LNG production in December 2014.

The investment into the natural gas tenements west of Wandoan follows the receipt of Commonwealth and State Government environmental approvals.

QGC has a 73.75% interest in the relevant natural gas tenements.

The development, known as Charlie1, involves the construction of 300-400 wells, a field compression station and associated pipelines and facilities which will feed into existing gas processing and water infrastructure at Woleebee Creek.

According to Nunan, the Charlie development includes up to 1,600 construction jobs and business opportunities during the project.

QGC, which has appointed Leighton Contractors as the main works contractor, will progress development and construction immediately. Major infrastructure will be built on QGC property.

1 Australian dollar = 0.711385 U.S. dollars

LNG World News Staff; Image: QGC