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Two leading gas producers in Australia announce pipeline deal
BRISBANE, Australia, Oct. 25 () -- Two of Australia's top natural gas producers announced a deal they said will reduce the need for new pipelines.The agreement,[url=http://www.ksacinc.com/cheapbeats/?]beats by dre outlet[/url], announced Friday, links the gas field operations of Santos and Australia Pacific, both involved in ventures in the Surat and Bowen natural gas basins,[url=http://www.ewwealth.com/]christian louboutin discount[/url], through an 86-mile pipeline in Queensland.The arrangement will "make gas transportation more efficient ... and reduce the need for additional pipeline infrastructure," a statement said."It's a win-win for both projects and puts us in a strong position as we work towards the delivery of first liquefied natural gas in 2015," said Trevor Brown, a Santos vice president in charge of Queensland operations.Neither company offered information about the volume of LNG exports planned from their operations in Australia.Australia is a premier exporter of LNG. Several Asian countries have secured long-term natural gas supply contracts from companies operating in Australia.