$40bil LNG investment looms for Qld
The Queensland Government has moved to ensure Queensland’s future domestic gas supply, while providing industry with the certainty it needs to kick off its $40 billion LNG investment.
The Government has decided to set aside future gas fields for future domestic supply if needed and rejected an option to require a percentage of gas from all fields to go to domestic supply. “We want to create a business environment that allows the LNG proponents, which are contemplating more than $40 billion of investment, the opportunity to proceed and develop their projects in Queensland,” Premier Anna Bligh says. “It’s a win for the people of Queensland in the 18,000 jobs the industry is expected to create.
The eight LNG projects in the pipeline are:
• Gladstone Liquefied Natural Gas Project (Santos Ltd/ Petronas)
• Queensland Curtis LNG Project ( QGC a BG Group Company)
• Australia Pacific LNG Project (ConocoPhillips/ Origin Energy)
• Gladstone LNG Project (LNG Ltd/ Arrow)
• Sojitz Corporation
• Shell Australia LNG (Shell CSG Australia Pty Ltd)
• Southern Cross LNG
• Energy World Corporation.
