The Gladstone LNG (GLNG) project needs more gas, Yves-Louis Darricarrere, Total’s head of upstream oil and gas, told Australian media. France’s Total, a partner in the US$ 18.5 billion GLNG project, led by Santos, has highlighted the shortage of gas resources needed to supply two LNG trains on Curtis Island in Queensland, Australia.
“We need and we are ready to buy [more gas] but there is a price limit and it is [currently] not really economical,” Mr Darricarrere told The Australian. In light of this statement, recent speculation that the Arrow joint venture between Shell and PetroChina was close to a deal with GLNG appears to be unsubstantiated.
Acquiring exploration ground
Rather than buying third party gas, GLNG may look to acquire more exploration ground in Queensland, Mr Darricarrere told The Australian: “we are looking to see if we can develop more acreage that would be prospective for gas in Queensland”.
Santos, however, does not agree that the GLNG project needs more gas. A spokesperson said that “GLNG has reserves and resources in place suitable for the supply needs of the project”.
Written by Ted Monroe
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/21072014/glng-needs-more-gas-says-total-1027/
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