Union discord raises delay risk for Australian LNG plant

|By:, SA News Editor

Bechtel, the contractor building more than $60B of natural gas export projects in Australia for companies including BG Group (OTCQX:BRGYY, OTCPK:BRGXF), faces a dispute with unions that is raising concerns about startup delays.

Credit Suisse views the discord as potentially "really material" for BG's Queensland Curtis LNG development project, which the analysts doubt will start in Q4 of this year as planned.

Santos (OTCPK:STOSF) and a venture between ConocoPhillips (NYSE:COP) and Origin Energy also are building liquefied natural gas projects in Queensland state to tap rising Asian demand.