"But the viability of the future LNG market is also threatened on the domestic front as farmers and (mostly) foreign-owned corporations go head to head in the competition for Australia’s riches: the $13.2 billion LNG export bonanza on the one hand, and Australia’s tightly-held food and fibre production regions on the other. Both Arrow Energy (now owned by Royal Dutch Shell and PetroChina) and Santos Ltd (in partnership with Malaysian Petronas and French Total) are planning huge LNG facilities at Gladstone, Queensland. So far, getting access to their major CSG reserves to fulfil feedstock requirements is proving a nightmare for the two energy giants Delays due to concerns about fracking, toxic chemicals, depletion of water and loss of prime farmland are stalling progress and adding to costs."
Posted on: Mon, 26 Aug 2013 00:32:02 +0000