QGC appears to be divesting its rural portfolio, with the natural gas producer offloading more prime grazing properties – this time a large-scale backgrounding/finish aggregation on Queensland’s Western Downs.
Over the past ten years, QGC aggregated more than 80 properties with gas prospects, mostly in Queensland.
The gas assets on these holdings have now matured, which means well construction and other infrastructure are complete and are in full production.
As a result, QGC has no need to hold on to its…