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+--- Thread: BG Group may sell stake in QCLNG project (/showthread.php?tid=481)
- Palm - 03-08-2012
BG has big chunk of project. Delays and rising costs taking its toll on another Aussie project?
"BG Group is considering the sale of a stake in the Queensland Curtis LNG project in Australia, Reuters reported, citing unnamed sources.
BG may sell between 15 and 20 percent of the QCLNG project and could raise up to $2 billion from the sale.
QCLNG project involves expanding exploration and development in southern and central Queensland and transporting gas through a 540km underground pipeline network to Curtis Island near Gladstone where it will be liquefied.
The project’s first stage will comprise two LNG trains, at the Curtis Island plant. These trains, which have a design life of at least 20 years, will produce a combined 8.5 million tonnes of LNG a year.
The site can accommodate an expansion to 12 million tonnes of LNG a year."
- Tusker - 03-08-2012
Wow, that is a lot of pipe.
:-)
Ya, know - earth moving for a pipe line is just as good as laying a railroad.
Above ground commerce as well as below ground commerce. Some one is thinking commerce on a national scale.
Welcome to a frontier.
:-)