Australian energy firm Santos has completed the first of three major gas processing hubs in its Queensland gas fields.
The hub is now fully operational, as commissioning of Santos GLNG’s two other major processing hubs continues.
It follows the delivery of first gas into the Santos GLNG (Gladstone Liquefied Natural Gas) pipeline last month.
Hydrotesting of the second LNG storage tank on Curtis Island has also been completed.
Trevor Brown, vice president of Santos Queensland, said the significant CSG to LNG industry investment now underway would drive the region’s economy long-term.
He said: “This is a great story for Queensland. Santos GLNG alone is projected to deliver ongoing investment in this state of an average of $1 billion a year from 2016-2020, and an average of half a billion dollars a year after that.
“This means long-term jobs for Queenslanders over the next 20-30 years.
“This adds to the $6.2billion we’ve invested with Queensland businesses in building our project to this point, and the $200 million invested in roads, hospitals, schools, weed management, and events.
“Looking further ahead, our business is expected to contribute billions of dollars in royalties and taxes over many years – that’s money that can be spent on Queensland’s schools, hospitals and roads.
“LNG is without doubt the new shining light of the Australian economy.
“In just a few short years, LNG will overtake coal and become Australia’s second-largest export behind iron ore – that is a staggering statistic that demonstrates the massive investment underway today.
“We’re making excellent progress at Santos GLNG. First gas is scheduled to arrive at our plant on Curtis Island later this year, we’re approaching 90% complete, we’re on budget and on track to deliver first LNG in 2015.”
Santos GLNG is a pioneering joint venture between the company, PETRONAS, Total and KOGAS to supply liquefied natural gas to global markets.
First production from the GLNG is set for 2015.
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