LNG

Shell is moving ahead with the development of 145 new onshore coal-seam gas wells to maintain the necessary production levels at the Queensland Curtis LNG export plant on Curtis Island near the port of Gladstone.

Senex Energy, the Australian coal-seam gas company in Queensland with an stake in Gladstone LNG, has entered into a binding with agreement with South Korea’s POSCO International for a cash offer price of A$4.60 per share.

Australia Pacific LNG’s acquisition of the Ironbark coal-seam gas project in Queensland from Origin Energy has been approved by the country’s regulators who do not see the deal affecting East Coast domestic natural gas supply.

Royal Dutch Shell and Santos, the operators of two LNG export plants in eastern Australia, Queensland Curtis LNG and Gladstone LNG, plan to work in partnership on new coal-seam gas acreage in the Surat and Bowen Basins.

Origin Energy, a stakeholder in the Australia Pacific LNG plant in Queensland, said the facility shipped more cargoes during the Sydney-based company’s fiscal year as its integrated gas business surged because of higher LNG revenues.

Two of the three Australian coal-seam-gas-to-LNG export plants on Curtis Island near the port of Gladstone in Queensland have successfully tendered for an exploration and production licence for a key block in the Bowen Basin to boost natural gas supplies.

Gladstone LNG, the coal-seam-gas-to-LNG plant in the eastern Australian state of Queensland, plans to invest A$900 million (US$700M) in upstream development to underpin production and exports.