Santos, Petronas, Total and Kogas have taken the final investment decision for developing the $16bn Gladstone LNG (GLNG) project near Gladstone in Queensland, Australia.
The approval paves the way for major works for upstream field development, a pipeline and LNG plant facilities at Gladstone.
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Orders for the project will now be placed for long-lead items such as a line pipe, compressors and LNG plant components.
GLNG includes the development of coal seam gas resources in the Bowen and Surat Basins in south-east Queensland and the construction of a 420km gas transmission pipeline from the gas fields to Gladstone.
The development also covers two LNG trains with a combined capacity of 7.8 million tonnes a year (mtpa) on Curtis Island.
First LNG exports are expected to begin in 2015. GLNG already has sales agreements in place with Petronas and Kogas for 7mtpa in aggregate.
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By GlobalDataGLNG is a joint venture between Santos (with a 30% stake), Petronas and Total (27.5% interest each) and Kogas (15%).
