• About
  • Advertise
  • Subscribe
  • Contact
  • Events
Monday, July 14, 2025
Newsletter
SUBSCRIBE
  • News
    • Open tenders and opportunities
    • Contracts and tenders awarded
  • Technical
    • Standards
  • Pump school
    • Ask an Expert
  • Sectors
    • LNG
    • Coal Seam Gas (CSG)
    • Building Services
    • Energy Efficiency
    • Valves
    • Reliability
    • Chemicals and plastics
    • Irrigation
    • Mining
    • Water & wastewater
  • Magazine
  • Capability Guide
No Results
View All Results
  • News
    • Open tenders and opportunities
    • Contracts and tenders awarded
  • Technical
    • Standards
  • Pump school
    • Ask an Expert
  • Sectors
    • LNG
    • Coal Seam Gas (CSG)
    • Building Services
    • Energy Efficiency
    • Valves
    • Reliability
    • Chemicals and plastics
    • Irrigation
    • Mining
    • Water & wastewater
  • Magazine
  • Capability Guide
No Results
View All Results
Home

Cuts, sales and delays for LNG projects

by Michelle Goldsmith
February 4, 2014
in LNG, News, Oil & gas
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter

The shake-up in the Australian LNG industry continues with reports that start-up for the Queensland Curtis LNG plant at Gladstone has been delayed and Royal Dutch Shell cutting hundreds of jobs at its proposed Arrow LNG project and selling its stake in the Wheatstone LNG project.

BG Group told journalists that the first exports from its $US20.4 billion ($23.5bn) Queensland Curtis LNG plant at Gladstone are now expected in the final quarter of 2014.

“That reflects the complex and extended start-up process that we need to go through for the plant,” BG chief executive Chris Finlayson said. “The good news is we have substantially de-risked this (project) through completion of the pipeline and the delivery of gas to the island.”

Coal seam gas flows into the QCLNG project are expected to reach 200 terajoules per day by the middle of 2014 and then increase to 600 to 700 terajoules when the plant starts exporting.

“We are confident that our upstream development plan is on track to meet this demand,” Mr Finlayson said.

Meanwhile, the viability of the Arrow LNG project is in doubt with the Australian reporting that Shell and PetroChina, who recently announced that they will not build a fourth $20bn LNG project on Curtis Island to export their large Arrow gas resource, cutting around 250 jobs from the project and selling their stakes in the Wheatstone LNG project to the Kuwait Foreign Petroleum Exploration Company.

The sale of Shell’s stakes, which saw the transfer of a 6.4 per cent interest in the Wheatstone LNG project and an 8 per cent stake in the Wheatstone and Iago gas fields, went through at $US1.135 billion ($1.3 billion).

If this trend continues, as many commentators believe it will, it may result in sweeping change across the Australian LNG industry. It may not all be doom and gloom however, while these large international companies look to reign in their investments others hope to see opportunities open up where they left off and various national companies seem keen to swoop in and procure their interests.

 

 

 

Find LNG Related Companies In The Pump Industry Capability Guide


Flo-Max Pumps
Cummins South Pacific
Franklin Electric

Related Posts

Grundfos has agreed to acquire US water and wastewater treatment solutions company Newterra from the private equity firm Frontenac.

Grundfos gets bigger with water treatment solutions firm acquisition

by Chris Edwards
July 14, 2025

Grundfos has agreed to acquire US water and wastewater treatment solutions company Newterra from the private equity firm Frontenac. Pittsburgh-based...

This new range of AI-powered HVAC systems has the backing of a South Korean conglomerate and will continually improve.

AI engine driving intelligent and energy-efficient HVAC systems

by Chris Edwards
July 14, 2025

LG Electronics (LG) has launched the Multi V i Variable Refrigerant Flow (VRF) solution in Australia, setting a new standard...

Asia Pacific’s International Mining Exhibition (AIMEX) 2025 offers pump suppliers a vital opportunity to engage with mining leaders.

Automation in mining pumps: Why AIMEX 2025 matters

by Chris Edwards
July 11, 2025

Automation is transforming pump performance and maintenance in Australia’s mining industry. Asia Pacific’s International Mining Exhibition (AIMEX) 2025 offers pump...

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.
Pump Industry is Australia’s only dedicated pump magazine and is produced by Prime Creative Media in cooperation with Pump Industry Australia (PIA).

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Pump Industry

  • About
  • Advertise
  • Subscribe
  • Magazine
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Spotlight
  • Pump school
  • Water & wastewater
  • Irrigation

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
SUBSCRIBE
  • News
    • Open tenders and opportunities
    • Contracts and tenders awarded
  • Technical
    • Standards
  • Pump school
    • Ask an Expert
  • Sectors
    • LNG
    • Coal Seam Gas (CSG)
    • Building Services
    • Energy Efficiency
    • Valves
    • Reliability
    • Chemicals and plastics
    • Irrigation
    • Mining
    • Water & wastewater
  • Magazine
  • Capability Guide
  • About
  • Advertise
  • Subscribe
  • Contact
  • Events

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited