Arrow still in talks over options for its gas
GLADSTONE jobseekers waiting for the construction of the Arrow Energy LNG plant on Curtis Island still have no start date in sight.
An Arrow spokesman told The Observer on Tuesday the company was "reframing development options to deliver better value for shareholders".
This has resulted in a decision for Arrow to move into the design phase (front-end engineering design) for the development of its Bowen Basin gas fields, while development options for Arrow's Surat Basin gas reserves are being progressed.
"Collaboration discussions with third parties are continuing, to identify the best option for monetising Arrow's gas reserves in both the Surat and Bowen basins," the spokesman said.
"This process is results and value-focused and not schedule-driven," he said.
Arrow previously had plans to build an LNG plant on Curtis Island in Gladstone, but these have been shelved for now.