APLNG is a CSG to LNG joint venture with Origin Energy and ConocoPhillips both owning 50 per cent stakes.
The project is one of many CSG to LNG projects planned to be located in Gladstone, Queensland. Recently Origin announced that Laird Point had been chosen as the site for the APLNG plant.
Mr King said that Origin’s recent acquisition of Pangea would add to the portfolio of gas that is available to Origin’s domestic business, indicating that Origin will be able to support its domestic business as well as the APLNG project.
Concerning potential sales for APLNG, Mr King said “dialogue with APLNG is between the project and customers who have requirements 2014-15 and beyond. [Applications] over the next six to nine months would be a sensible timeframe.”?
Mr King noted that there were compelling arguments in regard to potential co-operation between companies who have interests in the proposed Gladstone LNG project, but there were also challenges in bringing the projects together.
Mr King said “I think the parties are alive to the fact that there could be opportunities, but they are not necessarily simple to secure.
“It is often quite complicated to get partner alignment, and each of the projects have very strongly aligned joint ventures, which is absolutely critical.”?