ENQUIRE HERE
 
< Back to News Archive

 
posted on:
May
26
2016

Santos GLNG ramps up second unit

 

The Age, 26 May 2016


Santos has brought online the second production unit at its $US18.5 billion ($25.7 billion) GLNG gas export project in Gladstone, roughly in line with its schedule, being eight months after the first unit started up.


The start-up of the second train rounds out Santos's portfolio of LNG production, which includes states in the PNG LNG venture in Papua New Guinea and the Darwin LNG project.


GLNG is, however, by far its biggest investment in the area, and one that has stretched its financial capacity close to the limit given the coinciding slump in oil prices that has cut revenues across the sector.


Chief executive Kevin Gallagher described the start-up of train two as "another milestone" for GLNG, which has produced more than 2 million tonnes of LNG and shipped 32 cargoes since the first shipment left the site in October.


With both LNG trains at GLNG now in operation, only the second train at Origin Energy's $25 billion Australia Pacific LNG project is still to begin production out of the six built side by side on Gladstone's Curtis Island.


Read More HERE