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Brisbane QLD 4000
Tel: +61 (07) 3837 8000
Fax: +61 (07) 3837 8001
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
BG Australia, a wholly owned subsidiary of BG Group, is a participant in the Queensland Curtis LNG Project with Queensland Gas Company Ltd. The project will process and produce LNG from coal seam gas from the Surat Basin in Queensland. Under the alliance, BG has acquired a 20 per cent interest in QGC’s coal seam gas assets in the Surat Basin, interests in the Condamine Power Station project, and a 9.9 per cent equity stake in QGC. BG will also acquire a further 10 per cent interest in QGC’s coal seam gas and other assets on the parties meeting certain other commercial conditions. The LNG plant is being designed with one production train initially to supply 3 to 4 million tones of LNG a year for export markets.