Australian producer LNGL must convince Gladstone Port and the Queensland state government that it has options to secure feedgas for its planned 3.5mn t/yr Fisherman's Landing LNG project, if it is to retain its lease. LNGL's lease is due to expire at the end of next month. An option to extend the lease by a year is dependent on the firm demonstrating to landowner Gladstone Port that a gas supply contract can be agreed. LNGL will also have to show that it has some prospects to access gas in order to ensure the state government extends the petroleum facility licence and associated pipeline licence for the project, which require the facility to be built by December this year.
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