bg to rely on third-party gas for qclng

Angela Macdonald-Smith


BG Group has revealed it expects to rely initially on gas from third parties for up to a fifth of the supplies needed for its $US20.4 billion liquefied natural gas project in Queensland before cutting that back to use more of its own supplies.

Chief executive Chris Finlayson told investors overnight Australian time that in the 2014-16 period, supplies brought in from other companies would make up “some 10 per cent to 20 per cent of supply to the plant.”

He said once the two-train project had ramped up to capacity, that would fall to about 5 per cent.