Santos revises GLNG expenditure

Thu, 28 June 2012

Santos has confirmed that $2.45 billion of the GLNG Project’s upstream capital expenditure will be brought forward from the post-2015 period, which has resulted in a revised estimated capital cost of $18.1 billion to the end of 2015.

Santos commenced construction of the two-train 7.8 MMt/a LNG facility at Curtis Island, Queensland, following the official project sanction on 13 January 2011.

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The project includes a 435 km, 910 mm diameter gas transmission pipeline linking a compression station at Santos’ Fairview and Roma CSG fields in the Surat Basin to the liquefaction plant.

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Image caption: An artist’s impression of the GLNG Project.

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