Santos: GLNG Project Produces First LNG
Santos announced Thursday that the GLNG project has started producing its first liquefied natural gas (LNG) on Curtis Island, Australia, on schedule and within budget.
The two-train LNG plant on Curtis Island will have the capacity to produce 7.8 million tons of LNG per year when fully operational, according to Santos. LNG is currently being produced from Train 1, with Train 2 expected to be ready for start-up by the end of the year. The GLNG project produces natural gas from Queensland’s coal seams and converts it into LNG.
Santos Managing Director and Chief Executive Officer David Knox commented in a company statement:
“We said we’d produce first LNG around the end of the third quarter, and that’s exactly what we’ve done. Our upstream facilities are fully operational and performing well, we’re producing LNG on Curtis Island, and we’re now looking forward to safely delivering our first LNG cargo in the coming weeks. Project revenue is underpinned by binding long-term LNG sales contracts covering more than 90 percent of the plant’s capacity. I would like to thank our joint venture partners, Petronas, Total and Kogas for their support in the successful delivery of this major milestone. Production from GLNG will be a significant addition to Santos’ growing LNG portfolio, which already includes the Darwin LNG and PNG LNG projects.”
Santos is the operator of the GLNG project with a 30 percent interest. PETRONAS holds a 27.5 percent interest, as does Total, and Kogas holds a 15 percent interest.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Santos Seen Luring More Bids After Rejecting $7.2 Billion Offer (Nov 16)
- Australia's Santos Steps Up Effort To Avert LNG Export Curb (Aug 30)
- Australia Plans LNG Export Limits to Help Ease Local Price Pain (Apr 27)
Company: Total S.A. more info
- Total Starts Up Antwerp Refinery And Petrochem Complex After Upgrade (Nov 30)
- Hoegh LNG: Pakistan LNG Import Project Consortium Folds (Nov 16)
- France's Total Buys Engie's LNG Business For $1.5B (Nov 08)
Company: PETRONAS more info
Operates 10 Offshore Rigs
- After Europe's Gas Market Disasters, LNG May Come to the Rescue (Dec 12)
- Petronas Unit Agrees Share Swap With Shell's Africa Operator (Dec 05)
- Malaysia's Petronas Asked To Exit Myanmar In Protest Of Rohingya Crisis (Nov 08)
Company: Kogas more info
- S. Korea's KOGAS Says Interested In US Shale Gas Projects (Feb 10)
- Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects (Jan 03)
- Eni Board Authorizes Investment for First Phase of Coral Discovery (Nov 18)