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Queensland Gas Industry gets thumbs up
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- Highly recommended. I hold BOW Previous posts re BOW
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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