SHIFT MINER The Queensland mining community’s best source of local news
Monday 5th November 149th Edition 2012
M A G A Z I N E
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GAS CASH FLOWS Deals shake off gloom
TWO gas deals in past days have shaken the gloom from the Queensland resources sector. With ongoing speculation surrounding coal jobs and projects in recent weeks, the huge contracts shows there is still plenty to be positive about. The sale of a $1.9 billion quarter stake between partners in the Queensland Curtis LNG project and a $100 million pipeline contract means more jobs on the horizon. BG Group, owners of QGC, stunned the market with news it will sell the $1.9 billion stake in the QCLNG project to China National Offshore Oil Corporation (CNOOC) as well as additional gas from the facility once exports begin. Under this deal, and with a previous supply agreement signed two years ago, BG Group will be the largest provider of liquid natural gas to China. It will supply CNOOC with 5 million tonnes per annum (mtpa) of LNG for 20 years beginning in 2015 sourced from the Group’s global LNG portfolio. This is combined with the 3.6 mtpa LNG sale agreement signed with CNOOC in 2010, making BG Group’s total committed LNG sales to China 8.6 mtpa. BG Group chief executive Sir Frank Chapman said the company was excited about the transaction. continued page 6
CHAPTER AND VERSE
News Alpha on track: GVK » page 4 News Gas to replace diesel? » page 5 News Warning on runaways » page 8 News Apprenticeships in crisis » page 13
News Greens vow to keep gates locked » page 16
Moranbah celebrates books » More pictures page 17
»
PERSONAL INJURY EXPERTS All accidents and personal injury claims: • Motor Vehicle Accidents • Workers Injury Claims • Public Liability Claims • Mining Accident Claims • Total and Permanent Disability Insurance Claims • Boating and Holiday Accident Claims Darren Sekac is available for consultations at the Whitsunday and Proserpine offices on Thursday, by appointment only.
Darren Sekac*
*Personal Injuries Law Accredited Specialist (MAckAy)
Call 4944 2000
www.macamiet.com.au
MACKAY
Sport Kick it with the legends » page 21 Money Matters Mackay rents ease » page 24