PUBLISHED: 17 Sep 2012 18:08:06 | UPDATED: 18 Sep 2012 00:01:37
LNG projects on Curtis Island, near Gladstone in Queensland, are expected to come online in 2015.
Three liquefied natural gas plants are under construction in Queensland to meet expected high demand from Asia. It is hoped they will profit from an increase in the gas price. The costs of extraction are expected to increase as thousands of wells are drilled. There is a lull in the negotiation of long-term contracts.