The project, a joint venture between Origin, ConocoPhillips and Sinopec, includes a plan to develop an export coal seam gas (CSG)-to-LNG project utilising Origin’s Queensland CSG reserves and resources.

The approval includes an $A12.6 billion investment into the first phase of the project to service the sale and purchase agreement executed with Sinopec for the supply of 4.3 MMt/a of LNG for 20 years, beginning in 2015. The first phase includes investment for one train and infrastructure to support a second train.

Origin and ConocoPhillips each hold a 42.5 per cent stake in the project and Sinopec holds the remaining 15 per cent.