Magazines Hydrocarbon Engineering LNG Industry
World Coal World Pipelines World Cement
Sign in | Subscribe |
Contact us | Newsletter
A decision is expected in May from ConocoPhillips and Origin Energy Ltd. on whether or not to proceed with a proposed US$ 18 billion liquefied natural gas venture in Queensland.
The project is gaining momentum, however, with the announcement that Sinopec, China’s second biggest oil firm, is set to acquire a prospective 15% stake. Under the preliminary agreement, Sinopec will buy up to 4.3 million t of LNG a year over two decades. Although no figures have been disclosed, estimates suggest the deal could be worth approximately US$ 71 billion.
The proposed agreement would constitute one of four coal seam gas to LNG ventures in Queensland as companies scramble to meet Asian demand. BG Group Plc. has committed to a US$ 15 billion project; Santos has approved a US$ 16 billion development, while Arrow Energy plans the fourth venture on the Queensland coast.
Get your FREE Oilfield Technology magazine »
Get your FREE trial of Hydrocarbon Engineering magazine »
Get your FREE trial of World Pipelines magazine »
Palladian Publications publishes five international B2B magazines targeted specifically
at the global energy sector. Each title provides its subscribers with a unique industry
insight via a combination of news, reviews, comments, analysis, regional reports,
case studies, technical articles and more. Magazines include Oilfield Technology,
World Coal, Hydrocarbon Engineering, World Pipelines and LNG Industry.
Would you like to receive Oilfield Technology magazine for FREE?
Every issue includes technical articles, news reports, regional features and much more...
YES, send me my free magazine now »
No, I don't want to keep up-to-date with the latest upstream news