Transfield Services Clough JV awarded A$80m CSG LNG contract

Clough Limited (ASX:CLO), together with 50/50 joint venture partner Transfield Services, has been awarded a construction contract as part of QGC Pty Limited’s Queensland Curtis Liquefied Natural Gas (QCLNG) Project. 

Stage one work, worth an estimated value of A$80 million, commences in October 2012 and includes early site civil works and front end planning work for the construction phase of compression facilities in central Queensland. 
 
On completion of this phase, and subject to mutual agreement between the JV and QGC, the contract will extend to the construction and fabrication of eight field compression stations and two central processing plants. This second phase is expected to commence in early 2013 and complete in mid-2014.

 “We are delighted to be selected by QGC to support this important Coal Seam Gas project,” said Clough’s CEO and Managing Director, Kevin Gallagher.

“As a leading service provider to the LNG industry in Australia and PNG, we are pleased to be increasing our presence across Queensland’s CSG LNG projects.  We will work closely with our partner and client to deliver the best possible outcomes.”
 
QCLNG will be one of the world's first projects to turn coal seam gas into LNG. The project involves expanding QGC's existing coal seam gas production in the Surat Basin of southern Queensland, building a 540km natural gas pipeline network and constructing a natural gas liquefaction plant on Curtis Island, near Gladstone, where the gas will be converted to LNG for export.

Source - www.clough.com.au ASX and Media Announcements