Big Group with Big Gas for Export


A visiting utility parked near the local hotel, like the driver was observing my stroll , hobble with my walking stick for an aid, I had mowed the Boundry Street Footpath.. more like a Park as it took the tankful of fuel…exausting work but persistent as I wanted to collected my mail, a fistful of bills purchase a loaf of bread.

The Announcement was for gas wells in the Surat Basin to be piped to Gladstone and Loaded for Export..BG Group’s decision to sanction the development of the first phase of QCLNG completes the final condition required for implementation of the Group’s agreements with the China National Offshore Oil Corporation (“CNOOC”), signed in March 2010*. Under those agreements, CNOOC will:

purchase 3.6 mtpa of LNG for a period of 20 years from the start-up of QCLNG;
purchase 5% of BG Group’s interests in certain tenements in the Walloons Fairway of the Surat Basin;
jointly participate with BG Group in a consortium to construct two LNG ships in China that would be owned by the consortium; and
become a 10% equity investor in the first LNG train in the initial phase of the liquefaction plant.
Separately, the decision to sanction the project satisfies one of the conditions precedent associated with the proposed agreements with Tokyo Gas Co. Ltd (“Tokyo Gas”), announced in March 2010**, under which Tokyo Gas will:

purchase 1.2 mtpa of LNG for 20 years from 2015;
purchase 1.25% of BG Group’s interests in certain tenements in the Walloons Fairway of the Surat Basin; and
become a 2.5% equity investor in the second LNG train of the liquefaction plant.

About pamea

Interests in World Affairs Hobbies: Crochet, Gardening, Doing Crosswords entering competitions in That's Life, Take 5 etc. Blogging in wordpress.
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1 Response to Big Group with Big Gas for Export

  1. pamea says:

    WHAT GOT ME LOOKING FOR THIS INFIRMATION..
    now another 404 = unauthorised search..
    I am looking to see what you are looking at me..
    the voice of the people who live in this land..**

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