Garrett stalls Qld's coal seam gas projects  

Posted by Big Gav in , ,

The ABC reports that environment minister Peter Garrett has stalled Santos and BG's Queensland coal seam gas developments while revised environmental impact studies are being completed - Garrett stalls Qld's coal seam gas projects.

The Federal Government has ordered two mining companies to submit revised environmental impact statements (EIS) for multi-billion-dollar coal seam gas projects in Queensland.

Santos and BG want to convert coal seam gas in the Surat Basin in southern Queensland to liquefied natural gas (LNG) for export from Gladstone in the state's central region.

The Santos and BG developments in Queensland are estimated to be worth more than $20 billion, but have not been given final approval.

But Federal Environment Minister Peter Garrett says he has asked for extra information from both companies on water management strategies.

The SMH reports on speculation that Shell may buy into the company's coal seam gas project - Santos surges on Shell deal talk.
Shares in Santos jumped after the energy company said it is in talks to sell equity in its Gladstone LNG project and collaborate with others, raising expectations it may soon sign a multi-billion dollar deal with Royal Dutch Shell.

Santos said it was in "detailed ongoing discussions" with a number of parties in relation to potential equity and liquefied natural gas sales, and on collaboration between projects.

"These discussions are incomplete and there is no certainty that definitive agreements will be executed by the parties," Santos said in a statement on Friday.

Santos was responding to a report in The Australian Financial Review that it was close to inking a $2 billion deal with Shell to sell a 30-35 per cent stake in the Gladstone coal-seam gas-to-LNG project.

Citing industry sources, the paper said Santos was also close to signing long-term LNG sale agreements with China's Sinopec Corp and state-run Korea Gas Corp (KOGAS) that are worth tens of billions of dollars.

"Shell has indicated that they are open to consolidation and it is only logical for them to talk to Santos since Shell's acreage is land-locked and is located right next to Santos' project, which has a deep-water port good for LNG ship loading," said Di Brookman, an energy analyst at CLSA Asia-Pacific Markets.

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (615) global warming (415) solar power (388) peak oil (351) renewable energy (285) electric vehicles (240) wind power (190) ocean energy (165) csp (158) geothermal energy (144) solar thermal power (144) smart grids (140) tidal power (137) oil (136) energy storage (134) solar pv (132) coal seam gas (131) nuclear power (127) lng (116) china (115) iraq (113) geothermal power (112) green buildings (110) natural gas (110) agriculture (90) oil price (80) biofuel (78) wave power (73) smart meters (72) uk (69) coal (67) electricity grid (67) energy efficiency (64) google (58) bicycle (51) internet (51) big brother (49) shale gas (49) surveillance (49) food prices (48) thin film solar (42) tesla (41) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) concentrating solar power (33) arctic ice (32) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) carbon tax (22) economics (22) exxon (22) limits to growth (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) lithium (21) coal to liquids (20) indonesia (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) collapse (16) iceland (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) lithium ion batteries (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) carbon emissions (14) fertiliser (14) ambient energy (13) biodiesel (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) big oil (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) antarctica (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) arrow energy (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)