Click for Singapore, Singapore Forecast
Hanoi
Click for Hanoi, Viet Nam Forecast
Click for Bangkok, Thailand Forecast
Click for Kuala Lumpur, Malaysia Forecast
Click for Jakarta, Indonesia Forecast
Click for Manila, Philippines Forecast
Click for Tokyo, Japan Forecast
Click for Korea, Forecast
Click for Hong Kong Forecast
Click for Taipei, Taiwan Forecast
Click for Beijing, Beijing Forecast


<div style="background-color: none transparent;"><a href="http://www.ikiloop.com/" title="shop">ikiloop</a></div> <p>

Gladstone LNG partners approve $16b project

14-Jan-2011 Intellasia | International Business Times AU | 3:33 PM

The announcement made today by Santos Ltd. on the approval of the US$16 billion Gladstone Liquefied Natural Gas Project (GLNG) in Queensland, Australia will lead to the creation of 6,000 jobs in the short to medium term as seen by politicians.

Santos’ move gives the green light for major project activities to begin. These include developments in upstream, pipeline, and Gladstone LNG plant facilities that would entail the creation of 5000 construction jobs and 1000 permanent production jobs in the first half of 2011.

Queensland Premier Anna Bligh acknowledged the major contribution of the project to Queensland with the GLNG promise of billions of dollars in investment, considerable number of job creation and the attainment of status of becoming a major LNG producer.

Bligh said, “Proceeding now with projects like this will be a tremendous boost to the Queensland economy as we recover from the devastating impact of the floods.”

Already holding the record of being Australia’s number one gas producer, Santos’ 30% share in the GLNG project now sets the company on the path to becoming one of the major LNG exporters in Asia.

As Santos Chief Executive David Knox pointed out, “The commitment we are making today delivers on the strategic vision to transform Santos into a significant exporter of LNG”

Petroliam Nasional Berhad (PETRONAS) of Malaysia and Total SA (Total) of France both hold 27.5% share while Korea Gas Corporation (KOGAS) takes the remaining 15%.

http://au.ibtimes.com/articles/100514/20110113/santos-approves-us-16-billion-gladstone-lng-project-helps-queensland-recover-from-floods.htm

 


Category: ResourceAsia

Comments are closed.