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BG Group Stops Gas Pipeline Work on Queensland LNG Project
Mar. 23, 2011 06:12PM PST
Oil and Gas Investing
Reuters reports that BG Group (LON:BG) has stopped major gas pipeline work for its $15 billion Queensland Curtis Island.
Reuters reports that BG Group (LON:BG) has stopped major gas pipeline work for its $15 billion Queensland Curtis Island.
The market news is quoted as saying:
QGC, BG’s Australian unit, said Wednesday it had stopped work on the pipeline last Thursday after an internal review revealed that the work could breach environmental conditions. Work on the pipeline, which would link the company’s gas fields in Queensland’s Surat Basin to Gladstone port, will not resume until the environmental conditions are met. Australia gave BG’s QCLNG project environmental approval last year, but attached 300 environmental conditions.