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Laird Point Site home for new LNG plant

The news comes as APLNG released results from an independent analysis of the economic benefits of the project by KPMG Econtech.

Origin Managing Director Grant King said the announcement on Laird Point and the KPMG Econtech analysis highlights the contribution that the project could make to the Queensland and national economy.

“APLNG reported a 52 per cent increase in 2P reserves from 4,793 petajoules (PJ) in the 2008 financial year to 7,265 PJ at 30 June 2009. This reserves increase demonstrates the size and quality of the coal seam gas (CSG) resource available to APLNG,”? Mr King said.

APLNG is a CSG to LNG joint venture with Origin Energy and ConocoPhillips both owning 50 per cent stakes.

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