News

Separate LNG projects may result in higher energy prices

The QCLNG site on Curtis Island, Gladstone.
The QCLNG site on Curtis Island, Gladstone. David Sparkes

QUEENSLAND'S crowded LNG scene could be responsible for higher energy prices in the state, according to industry experts.

Brisbane Times reports the general view among industry insiders is that prices will rise more in Queensland than other states, but all states will be affected, because of projects being developed separately at Gladstone's Curtis Island.

"High Queensland prices will attract gas from other states to help supply the LNG plants, which will in turn cause those states to experience price rises as supply is redirected to Queensland," says energy consultant Andrew George.

There are four liquid natural gas consortiums in Queensland, three of which are constructing - on slightly differing time frames - their own pipeline systems to Gladstone.

The three - GLNG headed by Santos, Origin's APLNG and BG's Queensland Curtis LNG - are also building three separate LNG processing facilities on Fisherman's Island off the coast of Gladstone.

The upshot is a triplication of infrastructure and, as costs rise and field gas flows show unimpressive results, it now appears too late to merge the projects into joint ventures to better manage risks.

Read the full story here.

Topics:  aplng curtis island gladstone lng origin qclng resources santos


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Noosa's mega luxury location

DREAM HOME: The luxury views of 29-31 Wyuna Dr, Noosaville.

A dream home only for most

REVEALED: Noosa schools OP results are in

Sunshine Beach State High School Year 12 students Amy Bennie, Alex Fitzgerald and Maddy Wilson, with deputy principal Paul Fitzgerald, were excited to learn their school has the best OP scores on the Sunshine Coast.

Noosa state school tops Sunshine Coast OP scores

Local Partners

The couple who kept Halse Lodge from falling down

Couple share their memories running Halse Lodge as a guest house, a hub for artists, academics and eccentrics

Stroll down memory lane of hits with Aussie music royalty

John Farnham will headline the Red Hot Summer Tour.

John Farnham and Daryl Braithwaite headline Red Hot Summer Tour

Head out to a live music gig this weekend

MUSIC ENERGY: All Strings Attached is coming to Solbar, Maroochydore, tonight.

Head out to a live music gig this weekend

10 Things To Do to keep the whole family amused

Face painting at the Mooloolaba Collective Markets.

No excuses for playing couch potato this week

Un-American tale makes Lion weakest link in Oscars line-up

PSYCHOLOGY researchers find US films and actors most likely to win accolades at the Oscars.

12-year-old Coast kid pens first novel

12yo Teeah Burns has written a 'fantasy/horror' book about depression and other things, she is hoping to get it published.

Teeah talks writing, her inspiration, and getting published

Living End, Grinspoon stars hit stage for American Idiot

Chris Cheney of The Living End stars in the Australian production of Green Days musical American Idiot at Brisbane's QPAC Theatre.

TAKE a look behind the scenes of Green Day's American Idiot musical

Samuel L Jackson dismisses La La Land ahead of Oscars

Ryan Gosling and Emma Stone in a scene from the movie La La Land.

Hollywood actor and Oscars voter says Denzel should win top gong

Live performance of Sci-fi classic to open Science Festival

Qld Symphony Orchestra perform live to 2001: A Space Odyssey.

Festival will host A Live Presentation of 2001: A Space Odyssey.

Stroll down memory lane of hits with Aussie music royalty

John Farnham will headline the Red Hot Summer Tour.

John Farnham and Daryl Braithwaite headline Red Hot Summer Tour

The trick homeowners are using to buy more properties

Chantelle Subritzky leaves her home each week for Airbnb guests.

Queenslanders are going down this path to help pay their mortgages

Business head warns 'don't wait' with council's CBD move

VIEW: Artists' impressions of the planned Suncentral development for the Maroochydore CBD.

Efforts must start now to ensure no hole left for business to fill

Stunning home blends South Pacific beauty with Orient style

Immaculate residence with two outdoor living areas

REVEALED: Coast's new 4500-seat convention centre

VISION: An artist impression of the new CBD.

$20 million mega-library also in the works for new city centre

New CBD to become council HQ in massive move

SHIFT: Sunshine Coast Council will have a strong presence in the new Maroochydore CBD.

Council looking to shift bulk resources into new city centre

Ready to SELL your property?

Post Your Ad Here!