Gladstone LNG and Tri-Star signed gas supply deal
The Australia– registered company Liquefied Natural Gas Ltd (LNG Ltd) signed through its wholly-owned subsidiary Gladstone LNG a non-binding memorandum of intent (MOI) with the Texas-based Tri-Star Petroleum Company (Tri-Star) for the gas supply to feed its Fisherman Landing Liquefied Natural Gas (FLLNG) project near Gladstone in the Queensland State of Eastern Australia.
Established in 1979 in Texas, USA, Tri-Star pioneered the development of the coal seam gas (CSG) in Australia with permits and working interests in the Queensland and Northern Territory.
Focusing on the exploration and development of coal seam gas, Tri-Star is looking for the best way to export its production through the various LNG projects on going in the Queensland.
But in March 2010, Shell took the major stake and operatorship over Arrow and froze all on going projects development to re-evaluate best opportunities in the new context of the US shale gas competition.
LNG Ltd to phase up Fisherman Landing LNG project
In July 2012, LNG Ltd and China National Petroleum Corporation (CNPC or PetroChina) signed a first letter of intent (LOI) to export PetroChina gas production share through FLLNG.
This agreement is still valid.
For this project, LNG Ltd selected a reclaimed land area at Fisherman Landing along deep waterways in the Port of Gladstone in front Curtis Island.
In the Gladstone FLLNG Phase-1, the project will include:
– LNG Train-1 with 1.5 million tonnes per year (t/y) capacity
– Inlet gas pipeline of 21 kilometers length
– LNG Storage facilities with 180,000 cubic meter capacity
– Marine jetty for loading LNG carriers up to 153,000 cubic meter capacity
In its Phase-2, the Fisherman Landing LNG project will see the addition of:
– LNG Train-2 with 1.5 million t/y capacity
In the future, the Fisherman Landing site has space enough to accommodate up to four LNG Trains.
With the engineering companies already selected, Gladstone FFLNG Ltd has extended its site lease agreement up to March 2015 with an option for another year that will entitle LNG Ltd to make the final investment decision (FID) to start the construction of the Gladstone Fisherman Landing LNG Phase-1 project in the meantime.