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GE Awarded US$620 Million Services Contract In Australia For QGC

Stocks in this article: GE

Further demonstrating GE’s broad portfolio of products and services for the LNG industry, GE Power & Water has supplied on-site power generation and water filtration equipment for the new water treatment plant near Chinchilla in Queensland to support the QCLNG project.

QGC is headquartered in Brisbane and is engaged in the exploration, evaluation, development and production of coal seam gas. QGC’s project supports the country’s efforts to leverage its coal seam gas resources to become the world’s leading exporter of LNG. Australia now has under construction 70 percent of the world’s LNG capacity, capable of supporting 40-50 years of production, according to Australia’s Bureau of Resources and Energy Economics. With this high level of activity, the LNG industry is playing a key role in Australia’s long-term energy security, economic growth and job creation.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

About GE Oil & Gas

GE Oil & Gas is a world leader in advanced technologies and services with 37,000 employees in more than 100 countries supporting customers across the industry—from extraction to transportation to end use. Making the environment, health and safety, quality and integrity our highest priorities is The Way We Work. Our technologies and services include: surface and subsea drilling and production, monitoring and diagnostics, measurement and controls, large-scale LNG, pipeline compression and inspection, well site and industrial power generation, technologies for the refining and petrochemical industries, and modular CNG and LNG units for transportation sectors. Through our customized service solutions, training programs and technologies, GE Oil & Gas partners with customers to maximize their efficiency, productivity and equipment reliability; develop their next generation workforce; and fully benefit from the megatrends of natural gas, the growth of subsea and hard-to-reach reserves and the revolution in asset health management.

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