The UK’s BG Group has approved its biggest ever investment, a £9.3 billion liquefied natural gas (LNG) development in north-east Australia.
Following environmental approvals from the Australian government, the company will now proceed with the first phase of the project—to build a liquefaction plant on Curtis Island, Queensland.
The project will also involve construction of a 540 kilometre pipeline to move gas from the Queensland interior, where the gas will be drilled using 6,000 bore holes, to the liquefaction plant.