BG Group gets green light for £9bn gas work

BG Group gets green light for £9bn gas work

first_img Show Comments ▼ whatsapp BG Group gets green light for £9bn gas work GAS producer BG Group said yesterday it will become the first company to liquefy gas from coal deposits, after approving a £9.3bn project in Queensland, Australia.BG Group will start work on a processing plant and 540km of underground pipelines immediately. The British firm said it would ship its first liquefied natural gas (LNG) in 2014, and has already made sales agreements with Chile, China, Japan and Singapore.China National Offshore Oil Corporation (CNOOC) has signed the biggest deal within BG’s biggest ever project, after agreeing in March to take a 10 per cent stake in the first phase of the project and purchase 3.6m tonnes of the gas per year for 20 years. The contract is worth up to $70bn (£43.7bn), reports at the time said. Chief executive Frank Chapman said the Queensland Curtis project would be the world’s first LNG plant to be supplied by coal seam gas “and the foundation… at the centre of a major new Australian export industry”.BG Group said the decision to proceed with the project followed environmental approvals from the Australian and Queensland state governments in October. Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirrorcenter_img whatsapp Tags: NULL KCS-content Sunday 31 October 2010 10:11 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img

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