Business

Third train for Curtis Island's QCLNG now four years away

BG Group's QCLNG project on Curtis Island, Gladstone.
BG Group's QCLNG project on Curtis Island, Gladstone. BG Group

FURTHER expansion of Gladstone's QCLNG project is now four years away and has fallen behind BG Group's other projects in the US and Tanzania as growth options for the company. 

At a strategy presentation this week, BG chief executive Chris Finlayson pushed back the priority of expansion in Australia.

News Ltd reported Mr Finlayson said ramping up the QCLNG foundation project was one of the firm's biggest risks to hitting 2015 production guidance, and added he might be keen to further cull BG's stake in the project.

The delay of a Queensland LNG expansion comes as gas export proponents find it too expensive or too hard to sign off on new projects in Australia.

Former chairman Sir Frank Chapman had targeted a 2012 approval of a third LNG production unit, or train, at Gladstone, to follow on from the two trains under construction and due to start exporting next year.

When this target was not hit amid rising local construction costs, rains and increased Queensland regulation, which slowed the pace of onshore coal-seam gas exploration, the expansion was named as one of three LNG growth options.

Mr Finlayson told investors the QCLNG expansion was likely to be approved after the other two options. 

Full story here.

Topics:  curtis island gladstone lng mining qclng resources



15 jobs up for grabs for tradies and labourers

READY TO WORK: Here are 15 jobs you can apply for today.

CQ companies have continued the call for workers.

'Exposed': Power companies, State MP hit back at smelter cuts

Boyne Smelters general manager operations Joe Rea announced job cuts due to increased power prices.

Politicians war of words over BSL's call to cut jobs and production.

'Refused': State MP says smelter had "ample” time to save jobs

Gladstone MP Glenn Butcher pins a white ribbon on Boyne Smelters General Manager Joe Rea at a community function.

Glenn Butcher says BSL were "rolling the dice” for past two years

Local Partners

The best of SUNfest on show

SUNfest 2017 wraps up on Friday night with showcase event.


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

Mark Salling's child porn court date cancelled

Mark Salling's upcoming court hearing has been cancelled

Steve Carell pulls cruel prank on fans of the office

Steve Carrell decided to pull a cruel prank on fans of The Office

Married at First Sight: M'boro dad to feature on reality TV

LOOKING FOR LOVE: Farmer Sean Hollands, 35, from Maryborough will feature on the upcoming new season of Married At First Sight.

A bull riding accident put everything into perspective for Sean.

'Hot, sweaty, wild' Barnsey here on Saturday

Jimmy Barnes will be performing at Marley Brown Oval tomorrow.

"Hot, sweaty, wild”: Barnsey's in Gladstone

Jimmy Barnes Gladstone show not a sell out

Jimmy Barnes will be performing in Gladstone on Saturday at the Harvey Road Tavern.

PLENTY of tickets still available

Your chance to drive like Magnum P.I.

Tom Selleck in Magnum P.I. with his trusty 'side-kick' Ferrari.

FERRARI that appeared on classic detective show goes to auction.

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.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Sunday auction for historical home

Former Catholic school sure to attract spirited bidding

Ready to SELL your property?

Post Your Ad Here!