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Aug 15, 2016

Santos reveals $US1.5b writedown for GLNG

Santos reveals $US1.5b writedown for GLNG

Santos has announced a $US1.5 billion writedown on the value of its GLNG project, saying low oil and gas prices are continuing to challenge the industry. The GLNG project draws coal seam gas from fields in the Surat and Bowen basins and converts it to LNG at a plant on Curtis Island, Gladstone – which…

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