Australia’s Origin Energy Ltd said it has agreed to sell some of its vast coal seam gas reserves in Queensland state to a Santos-led consortium developing the nearby rival Gladstone project to export liquefied natural gas (LNG) to Asia.
Origin Energy is developing its gas reserves for an export-oriented LNG project by establshing the Australia Pacific LNG Pty Ltd with US ConocoPhillips and China Petroleum and Chemical Corp (Sinopec).
Origin Energy is developing its gas reserves for an export-oriented LNG project by establshing the Australia Pacific LNG Pty Ltd with US ConocoPhillips and China Petroleum and Chemical Corp (Sinopec).
Santos operates the Gladstone LNG (GLNG) consortium with France’s Total SA, Korea Gas Corp (Kogas) and Malaysia’s state energy firm Petronas, with plans to produce 7.8 million tonnes of LNG a year for export to Asia.
Origin Energy has a substantial reserves position with access to more than 2,500 PJe of contract rights and uncontracted 3P equity gas reserves. Origin also possesses gas development options on Australia’s east coast including Ironbark (Queensland) and Halladale/Blackwatch (Victoria).
Origin Energy has a substantial reserves position with access to more than 2,500 PJe of contract rights and uncontracted 3P equity gas reserves. Origin also possesses gas development options on Australia’s east coast including Ironbark (Queensland) and Halladale/Blackwatch (Victoria).
Energy Asia
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