Santos Limited
(ASX:STO) says Santos GLNG is making excellent and strong progress towards delivering first liquefied natural gas (LNG) next year.
The oil and gas producer has now completed the first of its three major gas processing hubs in its Queensland gas fields.
Santos advises the hub is located in the Fairview field north of Roma and is now fully operational and commissioning is progressing well at Santos GLNG’s two other major processing hubs.
Santos expects first gas to arrive at the plant on Curtis Island later this year and says is on budget and on track to deliver first LNG in 2015.
The project is led by Santos in partnership with Malaysia’s PETRONAS, France’s Total and South Korea’s KOGAS.
Santos reported a net profit of $206 million in the first half of the 2014 calendar year.
