From AOE Media release re AGM Company Update 20/11/09
"Mr Davies also detailed Arrow’s continued work with LNG Limited to develop the world’s first coal seam gas to LNG export facility at Fisherman’s Landing in Gladstone. The facility will produce up to 1.5 million tonnes per annum (mtpa) of LNG. “Arrow is striving to deliver a final investment decision on the Fisherman’s Landing project by late March next year and detailed engineering work continues on the upstream field development plan and the Surat to Gladstone Pipeline,” he said. ‘We have sufficient uncontracted reserves to meet the total gas requirement of 1,400 PJ for the project’s initial LNG train. The recent announcement of Toyota Tsusho as the ultimate buyer of the plant’s production was a further milestone in the development of this key project,” he said."
LNG Price at posting:
$1.29 Sentiment: LT Buy Disclosure: Held