News

Approval may not be enough for Arrow's Curtis Island plans

QUESTION marks remain over a planned mega gas plant for Curtis Island off Gladstone, despite its winning state approval earlier this week.

The $15 billion Shell and PetroChina project, through subsidiary Arrow Energy, would be the fourth major liquefied natural gas plant in the area, linking to gasfields in the Surat and Bowen basins via pipelines.

Its construction would require 3500 workers and offer about 450 jobs once operational in stage one.

The second stage would need another 2300 workers, plus a further 150 once finished.

The approvals for the plant and two pipelines are three parts of a five-part plan, all of which need a green light by both state and federal governments.

Its development of gasfields in the Bowen and Surat are still under consideration by the state.

Once approved, it will be up the Shell and its counterpart to decide when to proceed.

Industry speculation suggests Arrow would be better served to pump its gas into one of the three multi-billion-dollar gas projects already under construction rather than build its own plant.

Shell has previously said a final decision would be made before the end of this year.

Shell chief Peter Voser said in November that the company would postpone or consider alternatives to the Arrow projects if costs were too high.

It is understood the energy giant is considering a number of options, including an approach to its well advanced peers, including Santos, BG Group, and the consortium of Origin Energy, ConocoPhillips and Sinopec which own Australia Pacific LNG.

A spokeswoman for Shell said the company would "take its time".

Any decision would need to be in the best interests of shareholders and the community, she said.

The State Government remained positive the project would go ahead.

Topics:  arrow energy, curtis island, lng


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Cruise draws big crowd in second year

JUST CRUISIN': Whitsunday Cruisin' Car Club's Ashlee and Holly Coyte show off their ride at Cruisin' Whitsunday this morning. 
Photo Rory Sheavils / The Guardian

Cruise draws big crowd in second year

UPDATE: Multiple fires hit Bowen over night

DUEL EMERGENCIES: Two fires broke out almost simultaneously in Bowen last night.

TWO fires broke out almost simultaneously in Bowen last night.

Buckets of fun

HIGH FASHION: Salvation Army Cannonvale Family Store manager Denise Norder is excited about the runway fashion fundraiser. Photo: Rory Sheavils

Buckets of fun

Latest deals and offers

Second loss of season for Raiders

The Raiders recorded their second loss of the season at the Whitsunday Sportspark last night.

Cruise draws big crowd in second year

JUST CRUISIN': Whitsunday Cruisin' Car Club's Ashlee and Holly Coyte show off their ride at Cruisin' Whitsunday this morning. 
Photo Rory Sheavils / The Guardian

Cruise draws big crowd in second year

UPDATE: Multiple fires hit Bowen over night

DUEL EMERGENCIES: Two fires broke out almost simultaneously in Bowen last night.

TWO fires broke out almost simultaneously in Bowen last night.

Buckets of fun

HIGH FASHION: Salvation Army Cannonvale Family Store manager Denise Norder is excited about the runway fashion fundraiser. Photo: Rory Sheavils

Buckets of fun

UPDATE: Tributes flow for man killed in Bowen capsize

RACQ CQ Rescue was tasked to rescue a group of people after their boat capsized off Bowen today. Photo: Bowen Independent

Tributes flow for Martin Cunningham after tragic death on Wednesday

Some yum rum fun

GET CREATIVE: Mark ’Dr Rum’ Wyatt looks forward to judging the Pina Colada Carnage. Photo: Rory Sheavils

Some yum rum fun

The best retro movies of the week? May 27 - June 3

Gregory Peck Photo Contributed

This week TV fan get to see Tom Cruise in a 1980s classics

Own Sunshine Coast property? You’re about to make money

UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily

Good new for property owners, not so good for buyers and tenants.

Sale nears on last large block of land in Coolum

The 43.37ha property on South Coolum Rd has sold.

South Coolum Rd property to be land banked