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Old 05-25-2016, 11:29 PM
Sparty Sparty is offline
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Default GLNG train 2 start-up adds to Santos' LNG portfolio

Santos today announced that GLNG train 2 has started producing liquefied natural gas (LNG) on Curtis Island, Queensland.

Today's announcement follows first LNG production from train 1 in September 2015 and GLNG's first LNG export cargo in October 2015.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said first LNG from train 2 was another milestone for GLNG and marked the successful delivery of the two-train project, which has already produced over two million tonnes of LNG and shipped 32 cargoes.

"GLNG train 2 start-up adds to Santos? LNG portfolio, which also includes the Darwin LNG and PNG LNG projects," Mr Gallagher said.

Santos is the operator and has a 30% interest in GLNG. Other co-venturers are PETRONAS (27.5%), Total (27.5%) and KOGAS (15%).

I wonder if this will soak up more of East Coast's domestic supply and how robustly are the CSM fields producing?
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Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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