Damon Evans, SINGAPORE: BG Group is primed to expand its $15 billion Queensland Curtis coal-bed methane (CBM) to liquefied natural gas (LNG) export plant after reporting a huge rise in its Australian gas resources.
The UK firm says its gas resources in Australia have leapt from about 5 trillion cubic feet (cf), when it acquired its interest in Queensland Gas (QGC) four years ago, to more than 25 trillion cf today. Another 1 trillion cf of supplies are committed under a deal with a third party.
The firm’s chief executive, Frank Chapman, pointed to the early success with a deep gas-sands play in the south of the Bowen basin, underlying the Surat basin, where BG has identified 2.3...