LNG gets access approval at Fisherman's Landing site

15/01/2008 - 13:47

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Liquefied Natural Gas Ltd was granted access approval at Gladstone LNG - Fisherman's Landing project site by the Central Queensland Port Authority.

LNG gets access approval at Fisherman's Landing site

Liquefied Natural Gas Ltd was granted access approval at Gladstone LNG - Fisherman's Landing project site by the Central Queensland Port Authority.

The company said in an announcement that it has achieved further progress at the Queensland site, with preparatory work set to begin and two major firms, WorleyParsons and Arup, appointed to assist in the engineering design phase.

The project capital cost has been confirmed at $444 million ($US400 million).

LNG Managing Director Maurice Brand said that the conditional access to the Fisherman's Landing site granted by the Central Queensland Port Authority will allow the preparation of an Environmental Impact Statement.

 

Full announcement pasted below:

LNG Ltd Has Access Approval At Gladstone LNG - Fisherman's Landing
Project Site

- Project On Budget, On Schedule
- WorleyParsons, Arup Appointed As Engineering Advisers
- Project Capital Cost Confirmed At US$400 Million
- Advanced Talks Underway With Potential LNG Buyers

Liquefied Natural Gas Limited. (ASX:LNG) today said it has achieved further substantial progress at the Gladstone LNG Project-Fisherman's Landing project site in Queensland, with preparatory work set to begin at the site and two major firms appointed to assist in the engineering design phase.

LNG Managing Director Maurice Brand said that among the most significant measures, the Central Queensland Port Authority (CQPA) has granted the company conditional access to the Fisherman's Landing site that will allow preparation of an Environmental Impact Statement.

Mr Brand said "the company will commence activities at Fisherman's Landing on January 21, 2008, consisting of investigation work on the 25 hectares of reclaimed land to enable foundation design parameters to be completed.
"This will be followed by ground improvement work to prepare the LNG tank and plant foundations.
"We welcome the decision by CQPA to approve early access to the site and this will have a positive impact on the overall project construction schedule. The company is confident that a lease agreement with CQPA can be completed in a timely manner," Mr Brand said.

"With these and other milestone announcements, we can confirm that the Gladstone LNG Project-Fisherman's Landing remains on budget and on schedule, with financial close still targeted for late 2008 and the first LNG shipment scheduled for January 2011," he said.

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