Basin hot LNG property
THE Surat region continues to be a popular LNG destination, with Santos' announcing the successful start-up of the Scotia CF1 project on Thursday.
The project, situated in the Bowen Basin near Roma, will significantly boost gas supply to the Santos GLNG project - benefiting both the east coast domestic gas and export LNG markets.
Mines Minister Anthony Lynham welcomed the commissioning of the Scotia Project.
"This is further fixed capital investment in our $70 billion LNG industry, that supports 7000 oil and gas jobs, generates billions in revenue including $9.8 billion in LNG exports over the 12 months to February 2018,” Dr Lynham said.
"This helps sustain our regional communities, and puts doctors and nurses in hospitals and teachers into schools, now and into the future.”
The project has created 400 jobs and has involved expanding Santos' existing compression plant and infrastructure.
Currently the project is ahead of schedule and under budget.
This move comes after Santos' pledged to invest $900 million into upstream developments in the Maranoa, Western Downs and Banana regions this year - with the Roma East project announced in February.
Santos executive vice-president onshore upstream Brett Woods said the new projects would provide a boost to the southwest region.
"(The Roma East) project will create up to 400 construction jobs and local business opportunities in the Roma area, helping to sustain and boost the benefits of Santos' and GLNG's earlier investments in the region,” he said.
Mr Woods said Santos aimed to support jobs and investment in regional Queensland.
"Santos has been part of the Roma community for more than 50 years and we want to continue to invest in the Roma area for years to come.”