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LIQUEFIED NATURAL GAS LIMITED - ASX: LNG
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Description
Liquefied Natural Gas Limited (the "Company") is an Australian public listed company, having had its shares admitted for official quotation on the Australian Stock Exchange on 14 September 2004. Liquefied Natural Gas Limited is parent company to a number of subsidiaries (the "Group"). The Company brings a new concept of mid-scale liquefied natural gas ("LNG") projects to the international energy market in providing an "Energy Link" between smaller proven gas reserves than required for traditional large scale LNG projects, and existing LNG buyers and new niche energy markets seeking LNG as an alternative fuel.
Gladstone LNG Project - Fisherman's Landing (Australia)
Gladstone LNG Pty Ltd (Gladstone LNG) - is developing a mid-scale (3.0 million tonne per annum) liquefied natural gas plant at Fisherman's Landing in the Port of Gladstone. The Project's estimated development cost for the Phase 1 LNG Facility is US$500 million. The plant at Fisherman's Landing will purify and liquefy coal seam gas (CSG) into liquefied natural gas (LNG). The CSG will be sourced from the Arrow Energy Ltd gas fields, located in Queensland. The CSG will be transported to Gladstone via a proposed 450km Gas Pipeline. Once the CSG has been processed at the Gladstone LNG plant, it will then be loaded onto LNG carriers for export secured against long term LNG Sales Agreements.
There has been no further progress on the Indonesia, Iran and Papua New Guinea projects as the Company's full resources are dedicated to the Fisherman's Landing LNG Project at Gladstone Port in Queensland.
Mine For
Liquefied natural gas plants
Location of operation(s)
Queensland
Address
Ground Floor , 5 Ord Street
WEST PERTH, WA, AUSTRALIA
Phone
08 9366 3700
Website
Last Updated
10/03/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.