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



Don’t go chasing waterfalls…find them on these drives!

BRISBANE isn’t all bright lights and city slickers.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Is Brisbane the new arts and culture capital?

Check out GOMA's latest exhibition - it's all about hair! GOMA 10 Ambassador Patience Hodgson visits Nervescape V 2016 by Icelandic artist Hrafnhildur Arnardóttir (aka Shoplifter), commissioned for ‘Sugar Spin: you, me, art and everything’ at the Gallery of Modern Art, Brisbane. 
Photograph: Natasha Harth, QAGOMA

THE rest of the world should be envious of this line-up!

Pacific Jewel tourists choose Gladstone as wedding destination

Newlyweds Matthew and Christine Moore tie the knot aboard P&O Pacific Jewel Cruise Ship in Gladstone.

COUPLE tie the knot while docked at Gladstone on luxury ship.

Owner finds Gladstone man living under home, police called

An Anglicare CQ housing manager says many people who have remained in Gladstone are experiencing financial stress.

MAN forced to sleep underneath vacant Gladstone house

Woman injured in hidden razor blade horror at hospital

JUST NOT ON: Sharon Francis where she fell victim to the cowardly act.

Police investigate after frightening incident

Local Partners

Buderim dad rejects gay son's emotional plea for second time

Bride and Prejudice: Son’s emotional plea rejected again by unmoved father

What's on the big screen this week

Ewan McGregor and Jonny Lee Miller in a scene from the movie T2: Trainspotting.

This week's new releases offer plenty of variety for movie buffs.

REVIEW: Under the Gun doco looks at right to bear arms

ARMED: A still from the 2016 documentary film Under the Gun by Stephanie Soechtig.

An in-depth look into America's gun culture.

Hodges proud to be part of first channel dedicated to NRL

Justin Hodges is gearing up for his new gig on Fox League.

Footy star hopes to provide a voice for players on new NRL channel

Selling Houses renovate for Salvos in 100th episode

Charlie Albone, Andrew Winter and Shaynna Blaze return for season 10 of Selling Houses Australia. Supplied by Foxtel.

Selling Houses launch 10th season in volatile property market

Woman to help Gladstone families connect with dead loved ones

SPIRITS: Medium Charmaine Wilson will be in Gladstone in May to perform readings and stage show.

SPIRITS hang around Kmart as much as cemeteries.

Furious Price wants to quit I'm a Celeb after clash with Keira

Steve Price has threatened to quit the jungle.

Will camp ration clash with Keira cause Steve to call it quits?

Gladstone's 20 cheapest properties on the market, all under $150K

DIRT CHEAP: 5/239 Sun Valley Rd, Kin Kora is selling for $140,000

PROPERTY sellers drop prices as houses and units sell for bargains.

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Ready to SELL your property?

Post Your Ad Here!