BG invests further $1.2bn in Australian gas outlets
Queensland Gas Company has set up an agreement that will feed the company’s LNG export prospects down under
The BG-owned Queensland Gas Company has announced a two-year, A$1.7bn ($1.2bn) development plan for its coalbed methane holdings in Australia’s Surat basin, west of Wandoan. The gas will be used to supply its pioneering LNG export project on Curtis Island and also customers in Australia. QGC has a 73.75% interest in the blocks and its share of the investment is within its previously disclosed capital expenditure program, it said 16 November. The cost is shared with its joint venture partners: China National Offshore Oil Corporation and Tokyo Gas. The investment follows the receipt of federal and state environmental approvals. Since April BG has been the object of a friendly cash-and-shares t
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