BG Group assumes control of QCLNG

BG Group’s Queensland Gas Company (QGC) has assumed operational control of Train 1 at the Queensland Curtis LNG (QCLNG) project, from Bechtel Australia.

The company also announced that approval for the sale of its QCLNG pipeline has been received from BG’s Train 1 equity partner, China National Offshore Oil Company (CNOOC).

Pipeline sale

Consequently, the preconditions for sale of the pipeline to APA Group have been fully satisfied. The sale of the pipeline remains on track for completion in the second quarter of this year.

The transfer of operational control of Train 1 marks the start of commercial operations at QCLNG. First production from Train 1 occurred in December 2014, with 16 cargoes shipped to date. The project’s second train is currently under construction, and is expected to start operations in 3Q15.??

Comments

Commenting on the news, Helge Lund, BG Group’s CEO, said: "We are pleased to be taking operational control of QCLNG following its successful start-up and commissioning over the past six months. I would like to thank our partners Bechtel for building this world-first facility and helping to establish the LNG industry on the east coast of Australia.

“The cargoes from Train 1, along with those from Train 2 when it starts up later this year, will add flexibility to BG Group’s LNG portfolio. The transfer of operational control, and CNOOC’s approval, have also progressed our pipeline disposal, which we expect to complete in the coming weeks."

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/21052015/bg-takes-control-of-queensland-lng-project-804/