Curtis Island liquefied natural gas projects are likely to be scaled back because of a gas glut in the US. Lyndon Mechielsen Source: The Australian
THE prospect of further coal-seam gas export investments continue to dim, with US major ConocoPhillips saying what had once been touted as Gladstone's biggest potential liquefied natural gas project may not expand beyond a second production train.
Conoco, which with partner Origin Energy has previously flagged a four-train project at its Australia Pacific LNG project, told US investors it was unsure if building a third train was the right way to advance what the pair have billed as the nation's biggest and best CSG reserves.
The comments follow BG Group taking its foot off the accelerator at its Gladstone plant earlier this year in favour of pursuing gas exports from the US, where there is a glut of shale gas, to meet its near-term targets.
There are also signs that the proponents of $60 billion of LNG plants planned at Gladstone are facing challenges developing the onshore production needed to supply the huge needs of the plants when they start in 2014 and 2015.
The Australian
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