Australia Pacific LNG to splash A$3 billion this year

Image courtesy of Australia Pacific LNG

The Australia Pacific liquefied natural gas (LNG) export project plans to spend around A$3 billion ($2.34 billion) in planned activities this year.

This spend would be on a wide range of development activities in the gas fields, as well as operations and maintenance activities for gas processing infrastructure, pipelines and the two-train 9 mtpa liquefaction plant on Curtis Island near Gladstone, Chief Executive Officer Warwick King said.

“This expenditure reflects our long term commitment to regional Queensland as we expect to invest significant amounts in capital works and spend on operational activities every year for at
least the next decade,” King said at a gas conference in Sydney on Wednesday.

“This is the level of expenditure needed to ensure we meet our long term commitment to the Australian domestic market as well as our LNG export commitments,” he added.

Development activities by APLNG upstream operator Origin include the drilling of 250 to 300 new natural gas wells, construction of associated support infrastructure, and continued focus on exploration and assessment activities.

Operational and maintenance activities by APLNG downstream operator ConocoPhillips include scheduled shutdowns, including a single train shutdown of one train at the Curtis Island LNG facility in March and the other train in April, according to King.

Australia Pacific LNG is the largest producer of natural gas in eastern Australia. It will this year supply around 30 percent of the Australian south eastern domestic gas market, King said.

The LNG export project is a joint venture between ConocoPhillips (37.5%), Origin (37.5%) and Sinopec (25%).

Share this article

Follow LNG World News

Events>

<< Oct 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

LNG Philippines Forum 2018

LNG’s role in the Philippines’ energy mix will only get bigger…

read more >

5th Mozambique Gas Summit & Exhibition

Following the Summit’s success in 2017, the CWC Group in partnership with ENH and with the support and participation from MIREME and INP, are delighted to invite you to the 5th edition of the Mozambique Gas Summit & Exhibition taking place at a larger venue this year, the NEW Joaquim Chissano Conference Centre in Maputo on 31 October – 2 November 2018.

Recognised as the leading strategic meeting for Mozambique’s gas industry, the event addresses the entire gas and LNG value chain bringing together Government officials with industry stakeholders for 3 highly interactive days of networking and frank discussions aiming to establish Mozambique as the next international gas hub.

More info

read more >