Santos Ltd. reported Tuesday that Santos GLNG has continued to make strong progress towards first LNG (liquefied natural gas) in 2015, completing the first of its three major gas processing hubs in its Queensland gas fields in Australia.
The hub, located in the Fairview field north of Roma, is now fully operational, with commissioning progressing well at Santos GLNG’s two other major processing hubs.
The milestone follows delivery of first gas into the Santos GLNG pipeline last month and the completion of hydrotesting of the second LNG storage tank on Curtis Island.
Santos Vice President Queensland Trevor Brown said the significant CSG-to-LNG industry investment now underway would drive the Queensland economy over the long-term.
“This is a great story for Queensland. Santos GLNG alone is projected to deliver ongoing investment in this state of an average of $870 million (AUD 1 billion) a year from 2016-2020, and an average of $437 million (AUD 500 million) a year after that. This means long-term jobs for Queenslanders over the next 20-30 years,” Brown said.
“This adds to the $5.4 billion (AUD 6.2 billion) we’ve invested with Queensland businesses in building our project to this point, and the $174 million (AUD 200 million) invested in roads, hospitals, schools, weed management, and events.
“Looking further ahead, our business is expected to contribute billions of dollars in royalties and taxes over many years – that’s money that can be spent on Queensland’s schools, hospitals and roads.
“LNG is without doubt the new shining light of the Australian economy. In just a few short years, LNG will overtake coal and become Australia’s second-largest export behind iron ore – that is a staggering statistic that demonstrates the massive investment underway today.
“We’re making excellent progress at Santos GLNG. First gas is scheduled to arrive at our plant on Curtis Island later this year, we’re approaching 90 percent complete, we’re on budget and on track to deliver first LNG in 2015,” Brown said.
Santos GLNG is a pioneering joint venture between Santos, Petronas, Total and Kogas to supply liquefied natural gas to global markets.
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