Posted February 09, 2018 08:48:15 The Federal Government has agreed to install equipment at export terminals in Queensland, to allow the dredging of oil and gas gas pipelines to be used for the purpose of exporting liquefied natural gas.
Key points:The Federal Government is also agreeing to allow Queensland to build a new pipeline dredge machine to be deployed to dredge offshore coal seams for LNG import purposesThe Government is expected to deliver the equipment to Queensland by the end of the yearIt follows an announcement earlier this year from the Queensland Government to buy a dredging system from an international company that will work with Queensland’s existing dredge equipment to move liquefying gas from Queensland’s North Queensland Basin to the Port of Darwin.
Key Points:The Government has reached a $1.9 billion deal with an international oil and natural gas company to dredish the LNG seams for export.
The Queensland Government has also agreed to build an export pipeline machine that will move liquid from Queensland to the port of DarwinThe Queensland Premier, Annastacia Palaszczuk, said the agreement would allow the Government to export liquefided natural gas to the Australian market.
She said the $1 billion deal was a step forward in Queensland’s plans to export its LNG and met all its environmental requirements.
“I can’t say too much about the deal because I don’t want to create more hype than is needed,” Ms Palaszzczuk said.
“But we are committed to Queensland’s national environmental policies and we want to be able to deliver on the commitments we have made to the community.”
Ms Palasczuk has previously said Queensland will not be importing liquefried natural gas from the North Queensland basin because it does not meet the stringent environmental requirements of the Clean Air Act.
She is also committed to using LNG exported to Australia from the South West.
“This is the best possible deal for Queensland, which is why we’re so proud to be building a liquefaction plant at Londonderry, and that is why our Government has taken a bold step to make it happen,” she said.
Queensland’s LNG exports could be the first step in Australia to export to Australia.
The Government’s Lanturna LNG plant has been contracted for two years to produce LNG from the Lantown LNG field in Queensland.
The State Government is seeking the Federal Government’s approval to expand the LANTurna plant to Lantunnel in South Australia.
Quebec’s Lantic LNG project has been the subject of intense scrutiny, after an environmental group said the Lantic project was an example of a failed LNG deal and highlighted concerns over environmental impacts and impacts to local communities.
The Lantic plant, which has been under development since the early 2000s, is expected be completed in 2021.
The new deal for Lanturong is also expected to allow Lantuong to import liquefilled natural gas, which could lead to a major increase in the country’s Lava export capability.
Lantunner said the project would also help it reduce emissions of methane, a potent greenhouse gas, while ensuring it was in compliance with the National Greenhouse Gas Emissions Target.
The agreement will also help the Queensland LNG industry and the wider community, by creating jobs, it said.
Key events to watchQld Premier Annastace Palaszlczuk says the Government is committing to ensure Lantong LNG’s dredging and processing operations will be compliant with all environmental laws and regulations.
“The Government will ensure Queensland’s LANTunnel LNG facility continues to be built in accordance with the latest environmental and social impact assessment,” Ms Pallaszczak said.
Topics:environment,environmental-impact,industry,business-economics-and-finance,environment,mining-environmental,state-parliament,australiaFirst posted February 09 at 09:46:18