Queensland Gas Company

Queensland Gas Company (QGC)

Stock Code

QGC

Stock Exchange

ax

Queensland Gas Company (QGC) is a leading coal seam gas producer. QGC is actively involved in the exploration, production and supply of onshore gas for domestic use, development of gas-fired power stations and development of LNG for export. QGC listed on the ASX on 28 August, 2000. The company is searching and developing coal seam resources of the Surat basin in South Queensland where it owns majority equity interests in around 7,200 square kilometers of permits. The reserves in the Surat Basin are estimated to provide approximately 20 per cent of the Queensland domestic gas market in 2009.

QGC to spend $3 billion on LNG Project


One of the leading coal seam gas producers QGC, formerly know as Queensland Gas Company (QGC), which primarily focuses on exploration, production and supply of onshore gas have declared that it will spend more than $US3 billion on its liquefied natural gas (LNG) operation at Curtis Land, Queensland. QGC will invest the money in the project in next six months.

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