Queensland Gas Company is a rapidly-evolving integrated energy business strategically positioned to meet rising demand for its abundant coal seam gas, cleaner power and ample water.
Since listing on the Australian Securities Exchange in 2000 QGC has become Australia’s leading coal seam gas producer, one of Queensland’s largest companies, and an award-winning business noted for nimble and innovative action.
QGC has been confirmed by LINK Market Services as standout leader in the S&P/ASX 100 in terms of Total Shareholder Return (TSR) over both one and two years.
QGC’s world-class reserves in the Surat Basin are projected to supply around 20 per cent of the Queensland domestic gas market in 2009. QGC has dedicated a significant proportion of the fast-growing reserves to meet Australia’s energy needs.
QGC’s strengths are underpinned by Queensland Government policy, firm long-term contracts, Australia’s move to cleaner, more efficient fuel sources, and the advent of a national carbon trading scheme.
The qualities and depth of QGC’s assets and management have been recognised by Britain’s BG Group (formerly British Gas), a global energy company seeking to partner with QGC to export gas to higher value overseas markets.
QGC’s Queensland Curtis LNG Project with BG Group will be built to a potential capacity of up to 12 million tonnes a year of liquefied natural gas (LNG) from Curtis Island, near the city of Gladstone. The first production train will export 3 to 4 million tonnes a year. As part of the transaction QGC has received $664 million from BG Group.
The LNG alliance involves targeting more than 7,000 PJ of 2P reserves, construction of a 380 kilometre pipeline to Gladstone, development of an LNG terminal and about 4,400 new jobs. The project contractor, Bechtel, is developing the Front-End Engineering and Design (FEED) process for a two-train project.
In May 2008 QGC announced a feasibility study for a proposed new gas-fired power station with a capacity of up to 600 megawatts in New South Wales. It would be supplied by QGC’s coal seam gas, which would be transported by a proposed new pipeline stretching from the heart of QGC’s acreage to the city of Newcastle.
In June 2008 QGC was admitted to the S&P/ASX 100 index. At close of trade on 30 June 2008 QGC had a market capitalisation of A$4.4 billion.
Next year QGC will join the National Electricity Market. In February 2009 QGC will start supplying gas to QGC’s new Condamine Power Station, which will produce 140 megawatts of electricity with minimal greenhouse emissions.
QGC invests in applications for large volumes of water yielded during the release of coal seam gas. The water has the potential to help drought-affected communities, towns and farms in the Surat Basin.
Since listing on the Australian Securities Exchange in 2000 QGC has become Australia’s leading coal seam gas producer, one of Queensland’s largest companies, and an award-winning business noted for nimble and innovative action.
QGC has been confirmed by LINK Market Services as standout leader in the S&P/ASX 100 in terms of Total Shareholder Return (TSR) over both one and two years.
QGC’s world-class reserves in the Surat Basin are projected to supply around 20 per cent of the Queensland domestic gas market in 2009. QGC has dedicated a significant proportion of the fast-growing reserves to meet Australia’s energy needs.
QGC’s strengths are underpinned by Queensland Government policy, firm long-term contracts, Australia’s move to cleaner, more efficient fuel sources, and the advent of a national carbon trading scheme.
The qualities and depth of QGC’s assets and management have been recognised by Britain’s BG Group (formerly British Gas), a global energy company seeking to partner with QGC to export gas to higher value overseas markets.
QGC’s Queensland Curtis LNG Project with BG Group will be built to a potential capacity of up to 12 million tonnes a year of liquefied natural gas (LNG) from Curtis Island, near the city of Gladstone. The first production train will export 3 to 4 million tonnes a year. As part of the transaction QGC has received $664 million from BG Group.
The LNG alliance involves targeting more than 7,000 PJ of 2P reserves, construction of a 380 kilometre pipeline to Gladstone, development of an LNG terminal and about 4,400 new jobs. The project contractor, Bechtel, is developing the Front-End Engineering and Design (FEED) process for a two-train project.
In May 2008 QGC announced a feasibility study for a proposed new gas-fired power station with a capacity of up to 600 megawatts in New South Wales. It would be supplied by QGC’s coal seam gas, which would be transported by a proposed new pipeline stretching from the heart of QGC’s acreage to the city of Newcastle.
In June 2008 QGC was admitted to the S&P/ASX 100 index. At close of trade on 30 June 2008 QGC had a market capitalisation of A$4.4 billion.
Next year QGC will join the National Electricity Market. In February 2009 QGC will start supplying gas to QGC’s new Condamine Power Station, which will produce 140 megawatts of electricity with minimal greenhouse emissions.
QGC invests in applications for large volumes of water yielded during the release of coal seam gas. The water has the potential to help drought-affected communities, towns and farms in the Surat Basin.
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