Business

UPDATE: Shale gas would power fourth plant in Gladstone

LNG Limited’s Fisherman’s Landing site.
LNG Limited’s Fisherman’s Landing site. Chrissy Harris

UPDATE 2:20pm:

SHALE gas is the key to seeing the fourth gas plant planned for Gladstone go ahead, the company's director says.

Liquefied Natural Gas Company Limited plans to use shale gas to feed the proposed Fisherman's Landing plant.

BREAKING: More jobs will be axed at QAL

The new industry, developed in the United States, has been termed "revolutionary".

>> READ: 9 places to get a job in Gladstone right now

LISTEN: Reporter Helen Spelitis explains why the company is looking at shale gas for a fourth gas plant

But first the company needs to secure the reserves and ensure the technology is up-to-date.

And some believe shale gas could also be the solution to a shortage of gas supplies in Queensland.

Extracting shale gas involves breaking up hard shale rock to release natural gas which is then captured.

The process is known as "fracking" in the industry and has been met with controversy in Australia and the United State due to environmental concerns.

However, LNG Limited's Managing Director Maurice Brand believes shale gas is the next stage for Queensland's LNG industry and said the expertise to unlock this supply were already well developed in the United States.

"There is huge potential," Mr Brand said.

"But it will take time. We're not going to see a major development in Gladstone short term."

He said a decision on whether or not the proposed plant would go ahead would be made within the next two years.  

EARLIER: 

THE prospect of a fourth gas plant in Gladstone is still alive and kicking after the lease agreement over land at Fisherman's Landing, due to expire this year, was extended.

The deal buys the company behind the project, Liquefied Natural Gas Company Limited, more time to secure both a gas supply for the plant and some buyers.

READ: 9 place you can get a job in Gladstone right now

Although with gas prices low and a predicted oversupply of LNG onto the world market, the prospect of construction starting soon may be slim.

Liquefied Natural Gas Company Limited plans to build a 3.5 mtpa plant on Gladstone's mainland, across the harbour from the three Curtis Island plants, but is yet to secure financial backing.

Construction started in 2009 but was put on hold after the project's gas supplies were bought out by PetroChina and Shell, which has now taken over the QCLNG plant.

LNGL has until December 2017 to build the plant and pipeline before its government approval expires.

Topics:  gladsone liquefied natural gas



Foodies' scavenger hunt: are you up for it?

IF YOU want to give your tastebuds the flavour sensations of a lifetime, here is the ultimate foodie’s scavenger hunt through Brisbane.

5 minutes with Israel Folau on footy, life and love

Israel Folau and Silver Fern netballer Maria Tutaia announced their engagement last last year.

WE CAUGHT up with football star and Brisbane ex-pat Israel Folau.

10 reasons to head to South Bank this summer

Head to the only inner-city beach in Australia!

South Bank has a ridiculous amount of fun things to do.

Five mammoth events you need in your life

No Caption

BRISBANE isn’t known for doing things by halves…

How to make your child's every dream come true...

Take a dip at South Bank in the inner-city beach.

‘I DON’T want to do fun things, Mum and Dad’… said no child ever!

How to do Eat Street the right way

Know where to start and where to end to avoid a huge food coma before you get to experience all the goodies!

EVERY Friday and Saturday night, Hamilton comes alive.

You can do WHAT in Brisbane?!

Talk about arriving in style! Take your pub crawl to the next level with a helicopter!

BET you didn't know you could do these things in Brisbane...

Local Partners

Why council workers will be peeking in Gladstone region yards

From January 30, council officers will spend six months visiting houses throughout the region to ensure all dogs are registered, desexed and microchipped.


New Year New Yard

Win $1000 Bunnings Voucher
Learn More

Puppetry of the Penis secrets revealed ahead of show

The famed Puppetry of the Penis is coming to the Sunshine Coast for shows in Noosa and Caloundra.

WARNING: This interview contains adult themes and traces of nuts

Noll meltdown won't affect Gympie Oz Day concert

Shannon Noll

Photo Contributed

Shannon Noll is still expected to perform in Gympie next Thursday

11 huge events coming to Gladstone in the next 6 months

Events coming up in Gladstone in 2017.

Your guide to exciting events coming to the Gladstone region

Kristen Stewart to host SNL

Kristen Stewart will host a pre-Super Bowl episode of SNL next month

Louis Tomlinson celebrated his son's first birthday

Louis Tomlinson and Briana Jungwirth celebrate son's first birthday

Kylie Minogue will take husband's name

Kylie Minogue will take her fiancé Joshua Sasse's surname

Nicole reveals her biggest parenting challenges

Actress Nicole Kidman.

Nicole Kidman says her kids are ‘deeply attuned' to her moods.

Suicide Squad director reveals his regrets about the film

Margot Robbie in a scene from the movie Suicide Squad.

DIRECTOR of superhero flick on what he’d change about ‘flawed’ film.

Meet the new Marco on MasterChef Australia: Yotam Ottolenghi

Israeli-born, London-based chef Yotam Ottolenghi will be a guest chef for a week on the 2017 season of MasterChef Australia.

AFTER Marco’s defection to Seven, MasterChef signs a true food hero.

Stockland's $150m pitch: Build it and they will come

Gladstone Marina. The Gladstone Regional Council offers a range of exciting job opportunities. Photo Contributed: Murray Ware.

Here's why we need to see Stockland upgrade start soon.

By the water's edge

Secure your seachange

Gladstone market's confidence coming back for 2017

Core Logic property statistics reveal the region's median house price dropped 16.7% to $275,000 in the September quarter.

Region's median house price drops 16.7% to $275,000

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ready to SELL your property?

Post Your Ad Here!