Investment Property Australia wide
Jacques and Mary Bolling
10th Dec 2013 5:23 PM
The Gladstone Observer
ARROW Energy has cleared its final regulatory hurdle, with Federal Environment Minister Greg Hunt giving approval to the $17 billion LNG project.
Set to be the fourth gas plant on Curtis Island, the Arrow development is slated to deliver more than 4000 jobs in construction and operation.
In a big day for Mr Hunt, he also approved Arrow’s 9.45km underwater pipeline, connecting the mainland to the island, and gave the Indian miner Adani the go-ahead for a new $3 billion coal-loading terminal at Abbot Point in central Queensland.
The Minister also ticked off a dredging campaign to shift 3 million cubic metres of sand from the Port of Abbot Point area in preparation for two other new coal-loading terminals at the port.
Arrow Energy said on Tuesday it warmly welcomed the approval – but a spokesman would not comment on final investment decision in the project, which is due by the end of the year.
And the company still needs approval for three elements of its CSG-LNG project: its Surat and Bowen gas project, and its Bowen pipeline.
Gladstone Mayor Gail Sellers said she was looking forward to more information about the local project.
“This is good news for Gladstone, especially just before Christmas,” Cr Sellers said.
“It is positive, and we’re interested to hear more from Arrow about how they will take this forward.” She said the new jobs the Arrow project would bring could help offset a “ramping down” of work on the existing three projects from mid-next year.
Decisions on both the Arrow LNG facility and Abbot Point dredging operations were due earlier this year but were delayed until this week.
Mr Hunt said “some of the strictest conditions in Australian history” had been applied to the projects.
The news comes as QGC confirmed gas would be arriving from the Surat Basin to the Curtis Island QCLNG site by the end of the year.
• Owned by Shell and PetroChina
• Would be fourth LNG plant on Curtis Island
• Cost $17.46 billion
• Slated for 3715 construction jobs and 800 operational roles