Santos Flags $1 Billion Gladstone LNG Charge on Gas Supply

  • Ramp up of GLNG equity gas has been slower than anticipated
  • Asian spot LNG prices have fallen more than 25% past year

Santos Books $1.05B Writedown on LNG Project

Santos Ltd. will take a $1.05 billion writedown on its Gladstone LNG project due to rising prices for third-party gas supplies and slower-than-expected ramp up of its own equity output to feed the export project.

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