(Bloomberg) -- Santos Ltd., Australia's third-
biggest oil and gas producer, proposes to build a liquefied
natural gas plant in Queensland state supplied by coal seam gas
to take advantage of higher export prices for the fuel.
The proposed Gladstone project will have a capacity of 3-4
million metric tons a year of LNG and may cost as much as A$7
billion ($6.1 billion), Adelaide-based Santos said today in a
statement to the Australian Stock Exchange. A final decision may be
made by the end of 2009 to allow deliveries to start in early 2014.
Read more at Bloomberg Energy News
biggest oil and gas producer, proposes to build a liquefied
natural gas plant in Queensland state supplied by coal seam gas
to take advantage of higher export prices for the fuel.
The proposed Gladstone project will have a capacity of 3-4
million metric tons a year of LNG and may cost as much as A$7
billion ($6.1 billion), Adelaide-based Santos said today in a
statement to the Australian Stock Exchange. A final decision may be
made by the end of 2009 to allow deliveries to start in early 2014.
Read more at Bloomberg Energy News
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