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BHP Billiton, ExxonMobil to Expand Longford Gas Plant for $1B for Cleaner Fuel

Posted
12/16/2012 6:15:00 PM
By: International Business Times
Referenced Stocks:

Global resource companies BHP Billiton and ExxonMobil will expand the Longford gas plant at the Gippsland region in Victoria at a cost of $1 billion.

The two companies will construct a separate gas conditioning plant at the Longford facility to treat gas tapped in the Kipper, Tuna and Turrum fields in Bass Strait. The move is expected to create 250 jobs.

The plant is needed due to the higher level of carbon dioxide that the gas from those fields will emit as an added step before the resource will be processed at the existing Longford facility before the resource companies sell the commodity.

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