Here are some passages from the BG group 2nd qtr presentation...

Here are some passages from the BG group 2nd qtr presentation they gave a few weeks back and ...BG confirmed they have no intention of combining projects as they are too far down the FEED track and they confirm they are still aiming for the 2010 for FID.


"Just two and a half years after entering Australia, our total net reserves and resources are now 2.9 billion barrels oil equivalent. Furthermore, QCLNG is underpinned by long-term Asia-Pacific LNG sales contracts for up to 9.5 million tonnes of LNG per annum. Under these contracts, we expect aggregate sales of around 180 million tonnes of LNG and on a predominantly oil-indexed basis.
So, with continued progress in the approvals process, with engineering and procurement progressing, with major contract awards pending, and with both ends of the gas value chain now firmly anchored, we remain on track to sanction QCLNG later this year."

Analyst question : And the second question I had was regarding the progress on the Federal environmental permits you need to make in FID,
and when we can expect an FID, and whether there are any
other hurdles you want to overcome before taking that final
investment decision? Thank you.
Frank Chapman: I just want to pick up one thing on the LNG, which is, youused the phrase aggressively, I would say that we are actively
rather than aggressively marketing. I mean having put away
this 180 million tonnes of aggregate expected demand from
the current contracts we don't need to be aggressive, but we are active and we are finding good counter parties that want to have the dialogue and who are expressing interest.
So we will continue to build our book and with the flexibility that we have in our portfolio we have the facility of course to supply customers from the existing, 12/13 million tonne portfolio, even before Australia comes on stream. And this provides us with the flexibility to take on new customers, term customers against a prospect of still further extension of the very significant reserves base that we have in Australia
underpinning, the prospective third train.
even before Australia comes on stream. And this
provides us with the flexibility to take on new customers, term customers against a prospect of still further extension of the very significant reserves base that we have in Australia underpinning, the prospective third train.
So that's a sort of picture, marketing - we're absolutely at it, I think the team has done an outstanding job in capturing all of this demand in a relatively short period and they're still out there and they're still doing their journeymen's job.
Ashley, do you want to add anything?
Ashley Almanza: The only thing I'd add to that is to keep in mind that this is demand led, of course we're active and any transaction requires a willing buyer and a willing seller, but it's demand led. The buyers are also coming to us; they differentiate between projects that look viable and can offer flexibility from the general schedule of proposed projects and happily they identify BG's projects as those they can rely on to deliver supply.
So this is demand led and the only other comment I'd make is we have continued throughout this period of strong supply in the short term, we have continued to see good demand for long term supplies from the early/middle part of the decade which - reinforces our view that the market will be supply constrained in that timeframe.
Frank Chapman: Yes, it's not just BG that thinks the market's growing, a lot of the customers have come to that conclusion as well and that's why they're in the market buying for '12, '13, '14, '15 - you
know they're buying for those years, new long term contracts commencing in that timeframe.
Moving on if I may to Australia the process with the Federal approvals, of course we were waiting for the environmental approval and what's called the Coordinator General's Report from Queensland State. That was a very significant milestone that we passed recently. The report was handed to the Federal Government and they have come up with a series of questions, which is part of the normal process. questions which are dealt with already within the EIS, that's still in the public domain of course. And what we are in the process of doing is providing clarifications that they've requested and we're confident that we will be able to provide those clarifications.
Now as I mentioned earlier in my remarks, of course we've
got the engineering and procurement progressing, we've got
the major contract award with Bechtel and other major
contract awards pending. We have the large resource
position, the customer end of it tied down, we've got the
financial wherewithal to do it and we know what we're doing,we know how to do this.
So once the environmental approvals final hurdle is crossed
we will take sanction of the project and I do expect that
sanction to occur before the end of the year.