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
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
