Gladstone LNG cuts gas intake

By Staff reporter 1 June 2017

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...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up