Eastern Star has signed a deal to study a million-tonnes-a-year LNG plant at an Australian port, expected to be complete by 2014.
Eastern Star managing director David Casey told The Australian the firm will go ahead with its LNG plans, despite the Australian Government’s plans to tax resource profits by 40%.
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The plant is expected to cost about $1bn and a pipeline to Eastern Star’s Narrabri coal seam gas project will cost about $500m.
The firm is also considering expansion of the plant capacity to four million tonnes a year through the addition of 500,000 tonnes per year production trains, according to The Australian.
