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BG Group sanctions US$15B coal seam gas to LNG project; first such

Green Car Congress

BG Group has approved implementation of the first phase of a US$15-billion project to convert coal seam gas (CSG) to LNG—the first major commercial project to do so. First LNG exports are planned to commence from 2014, underpinned by agreements in Chile, China, Japan and Singapore for the purchase of up to 9.5 Source: QCLNG EIS.

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Pacific Road To Acquire 10% Stake In UCG Company Carbon Energy Limited from CSIRO

Green Car Congress

Private equity fund Pacific Road has agreed to acquire 10% of underground coal gasification (UCG) company Carbon Energy Limited from Australia’s national science agency CSIRO in an off-market trade. interest in the Company on 30 June 2008. As a result of this transaction CSIRO acquired an 18.6% Pacific Road Resources Fund: 10.0%.

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