Gladstone LNG cuts gas intake

The Santos-run Gladstone LNG project in Australia has reduced its gas intake to a one-year low following Prime Minister Malcolm Turnbull’s threat to restrict gas exports.
By Staff reporter 1 June 2017 0 26177

The Santos-run Gladstone LNG (GLNG) project in Australia has reduced its gas intake to a one-year low following Prime Minister Malcolm Turnbull’s threat to restrict gas exports from Australia, according to The Australian.

A cold snap in Melbourne caused gas prices to reach A$12.98 per GJ (US$10.21/MMBtu) – almost a one-year high – while in Sydney prices have hit A$10.24/GJ.

Santos would not comment on whether the cut was in response to Turnbull’s comments. The reduced gas supply to GLNG means the plant is now...

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