London: British energy corporation BG Group said on Sunday it had given final approval to a $15 billion project to develop a major new liquefied natural gas project in northeastern Australia.
Chief executive Frank Chapman said the Queensland Curtis Liquefied Natural Gas project would include the world's first LNG plant to be supplied by coal seam gas and was "the foundation project at the centre of a major new Australian export industry".
The project will involve a 540-kilometre pipeline to move gas from the Surat Basin in southern Queensland, where coal seam gas is already being produced and production will be expanded.
A new two-train LNG plant will be built on Curtis Island, near the port of Gladstone, which will become the port of export for the gas. [01/11/10]
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