Sparty
02-10-2011, 04:14 AM
Queensland?s emergence as a major new force in the global liquefied natural gas (LNG) industry has received a major boost, following a long-awaited federal government decision to approve two new gas projects worth $35 billion slated for the port city of Gladstone.
Unlike conventional LNG projects, the new Queensland LNG industry is to be supplied largely by coal seam gas (CSG), which will be converted to LNG for shipping to energyhungry Asian markets.
The collective sigh of relief from the state?s emerging CSG and LNG industries over the positive decision was likely audible even in Canberra. After previous deferrals, on October 22, Federal Environment Minister Tony Burke finally gave the green light to BG?s Queensland Curtis Island LNG project (QCLNG) and the Santos/Petronas Gladstone LNG project (GLNG).
Read the full article- (http://www.aprs.com.au/australian-mining-news/queensland-gas-industry-set-for-35-billion-boost) Highly recommended.
I hold BOW
Previous posts re BOW (http://www.australian-shares.com/forums/search?Search=bow)
Unlike conventional LNG projects, the new Queensland LNG industry is to be supplied largely by coal seam gas (CSG), which will be converted to LNG for shipping to energyhungry Asian markets.
The collective sigh of relief from the state?s emerging CSG and LNG industries over the positive decision was likely audible even in Canberra. After previous deferrals, on October 22, Federal Environment Minister Tony Burke finally gave the green light to BG?s Queensland Curtis Island LNG project (QCLNG) and the Santos/Petronas Gladstone LNG project (GLNG).
Read the full article- (http://www.aprs.com.au/australian-mining-news/queensland-gas-industry-set-for-35-billion-boost) Highly recommended.
I hold BOW
Previous posts re BOW (http://www.australian-shares.com/forums/search?Search=bow)