Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/glng-and-australia-pacific-lng-sign-upstream-coope.shtmlGLNG and Australia Pacific LNG sign upstream cooperation deal
Two of Australia's leading LNG projects has signed gas swap and infrastructure connection agreements that provide flexibility and allow both proponents to realise capital
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Two of Australia's leading LNG projects has signed gas swap and infrastructure connection agreements that provide flexibility and allow both proponents to realise capital and operational efficiencies.
The new agreements between the Santos GLNG and Australia Pacific LNG projects will make gas transportation more efficient between the two projects' Surat Basin gas fields in Queensland, and reduce the need for additional pipeline infrastructure.
Santos GLNG and Australia Pacific LNG are joint venture partners in a number of permits in the Surat and Bowen Basins, and the agreements will allow both parties to more efficiently access and transport their equity gas, in order to meet the requirements of their CSG to LNG projects.
Trevor Brown, Santos Vice President Queensland, said, "this agreement demonstrates the real efforts that Queensland's LNG projects are making to work together to reduce costs and deliver long-lasting efficiencies.
'It's a win-win for both projects and puts us in a strong position as we work towards the delivery of first LNG in 2015,' he said.
