BG Group signs Queensland alliance
Reading-based BG Group today announced an agreement to establish an alliance with Australia’s Queensland Gas Company Limited, a coal seam gas exploration and production company.

Reading-based
today announced an agreement to establish an alliance with Australia’s
(QGC), a coal seam gas exploration and production company.
Under the terms of the agreement, the two companies will co-operate in the exploration and development of onshore coal seam gas acreage as well as in the development of domestic market opportunities and a new LNG production and export facility on the Queensland coast.
BG Group will acquire a 20 per cent interest in QGC's coal seam gas assets in the Surat Basin, South West Queensland and in certain other related QGC assets; plus a 9.9 per cent stake in QGC, for a total consideration of £299m.
BG Group will also acquire a further 10 per cent interest in QGC's coal seam gas and other assets if reserves of 7,000 petajoules are proved or if a liquefied natural gas facility is approved.
Today’s agreement marks BG Group's first investment in Australia. QGC and BG Group have also agreed to cooperate in the evaluation of further coal seam gas opportunities in India, where BG Group already active.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Radio wave weapon knocks out drone swarms
Probably. A radio-controlled drone cannot be completely shielded to RF, else you´d lose the ability to control it. The fibre optical cable removes...