bow energy upbeat on gas sales

BOW Energy says Asian buyers of LNG have expressed interest in taking stakes of more than 30 per cent in its coal-seam gasfields.

It signals greater confidence in an industry that Australia hopes will be an engine of future growth.

Bow's initial sales talks with Korean and Japanese companies had shown a strong appetite for LNG produced from coal-seam gas, but management was in no rush to sign a binding deal as it continued to examine options, chief executive John de Stefani said.

These included taking part in a small-scale onshore LNG development at the port of Gladstone in Queensland, or selling gas to any of four multi-billion-dollar LNG export projects planned on nearby Curtis Island.

"We are finding that LNG buyers in Asia would like an investment upstream of significance -- much higher than the 5-10 per cent that we have seen in deals so far," Mr de Stefani said.



http://www.theaustralian.com.au/business/bow-energy-upbeat-on-gas-sales/story-e6frg8zx-1225966031297