LNG project to be kick started in January with Santos poised to make a final decision on the Gladstone liquefied natural gas..
As per reports and information from our sources, THE Stars are aligning for a second LNG project to be kick started in January with Santos poised to make a final decision on the Gladstone liquefied natural gas project, after selling a stake in the project and signing a $US120 billion sales off-take deal.Santos has also flagged a $500 million equity raising to help pay for its share of the $US16 billion project, which will be among the first to utilise Queensland's massive coal seam gas reserves, piping it from the Surat Basin through the Banana Shire to the port city.
Canada-based Kitimat LNG and Gas Natural have signed a memorandum of understanding pursuant to which Gas Natural intends to acquire up to 30% of production from Kitimat LNG's proposed liquefied natural gas export terminal.