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    Financial Times: BG Group to sell 20% stake in gas project

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BG Group is reported planning to see  up to 20 per cent of  a stake in the $15bn Queensland Curtis LNG project  The Australian...

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Financial Times: BG Group to sell 20% stake in gas project

BG Group is reported planning to see  up to 20 per cent of  a stake in the $15bn Queensland Curtis LNG project 

The Australian liquefied natural gas project, will be the first in the world to produce LNG from coal-bed methane, plans to be operational in 2014.   The first phase will see the construction of two trains or processing units with production capacity of 8.5m tonnes per year.

Buyers including Chubu Electric, Tokyo Gas and Cnooc have agreed to contracts to take up 10m tonnes of LNG from the project. MORE (Registration required)

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