Australia delays decision on coal seam gas

Environment Minister Tony Burke delays federal approvals¬† –¬†¬† BG Group says still on track for 2010 investment decision

Australia’s environment minister has delayed a decision to approve coal-seam gas projects in Queensland worth billions of dollars, although BG Group (BG.L) said its project remained on track for a final investment decision by year end. “I have decided to extend the date for my final decision for the Queensland Gas Corporation and Santos LNG projects in Queensland until October 22,” Minister Tony Burke said in a statement emailed to Reuters on Monday.

After an earlier delay ahead of elections in August, Burke had said last month that he expected to stick to a deadline for a decision on environmental approval for the projects by October 11.

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