LNG

May 9 (LNG) - BG Group subsidiary QGC estimates a proposed new Australian Federal Government regulation to measure fugitive emissions from natural gas production from coal seams would cost at least A$30,000 a well and yield at most about A$2300 in carbon tax. CSG-to-LNG projects each require several thousand wells to supply feed-gas. In its submission to the government, the developer of the Queensland Curtis LNG project at Gladstone, argued that the large costs outweighed any environment or government revenue gain.