REFILE-FACTBOX-Australia’s coal-seam gas projects

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PERTH, Nov 1 (BestGrowthStock) – British energy firm BG Group
(BG.L: ) on Sunday approved its $15 billion project coal seam
gas-fed liquefied natural gas project in northeastern
Australia.[ID:nSGE69U029]

Australia’s booming coal-seam gas industry plans to build
up to roughly $70 billion worth of liquefied natural gas (LNG)
projects in Queensland state over the next four to seven years.

All the projects are to be developed around the coal port
of Gladstone, with final investment decisions due on two more
of the projects by the end of this year.

Here is a list of the most advanced projects:

QUEENSLAND CURTIS LNG

Ownership: BG Group (BG.L: ) (93.75%), CNOOC (5%), Tokyo Gas
(1.25%)

Cost: A$15 billion Australian ($14.84 billion)

FID: Completed, end Oct. 2010

Online target: 2014

Estimated production: 8.5 mtpa; with scope to reach 12 mtpa

Offtake agreements: 9.5 mtpa

Note: Initially two LNG trains producing 8.5 mtpa, but has
approval sought for production of up to 12 mtpa. Awaiting
federal environmental approval, expected by year-end.

GLADSTONE LNG

Ownership: Santos (STO.AX: ) (45%), Petronas [PETR.UL] (35%),
Total (TOTF.PA: ) (20%)

Cost: A$15 billion ($14.84 billion)

FID Target: End 2010

Online target: 2014

Estimated production: 7.2 million tonnes per annum (mpta)

Offtake agreements: 5 mtpa

Note: The project will include two processing trains. Total
and Petronas have agreed to buy 5 mtpa. Santos is in talks with
KOGAS and other Asian firms for further sales. [ID:nSGE67Q00K]
Awaiting federal environmental approval, expected by year-end.

AUSTRALIA PACIFIC LNG

Ownership: Origin Energy (50%), ConocoPhillips (50%)

Cost: A$35 billion Australian ($34.62 billion)

FID Target: End 2010 Online target: Q4, 2014

Estimated production: up to 18 mtpa, initial capacity 4.5
mtpa

Offtake agreements: none

Note: Awaiting federal environmental approval, expected by
year-end.

SHELL AUSTRALIA/ARROW LNG PROJECT

Ownership: Royal Dutch Shell (RDSa.L: ) (50%), PetroChina
(0857.HK: ) (50%)

Cost: none available. One analyst estimate for phase 1 is
about A$10 billion ($9.89 billion)

FID Target: Second half 2012

Online target: 2015-2017

Estimated production: 8 mtpa in phase one; up to 16 mtpa in
long term

Offtake agreements: CS Co., a Shell-PetroChina joint
venture, will split the initial 8 mtpa.

Note: To include up to four LNG processing trains at Curtis
Island, near Gladstone. The first stage will have two trains of
4 mtpa each. The project now includes Arrow Energy’s coal seam
gas assets, which Shell and PetroChina acquired after a $3.05
billion takeover of the company this year. The project has not
yet submitted an environmental impact statement.
($1=1.011 Australian Dollar)
(Sources: Reuters news, company websites and officials)
(Compiled by Rebekah Kebede; Editing by Clarence Fernandez)

REFILE-FACTBOX-Australia’s coal-seam gas projects