Companies & Finance

Gladstone partners to invest $302 mln in Arcadia gas project

Santos and its partners in the Gladstone LNG project will invest more than $302 million in the Arcadia gas project in the Australian state of Queensland,
By Staff reporter 31 May 2018 0 31097

Santos and its partners in the Gladstone LNG (GLNG) project will invest more than A$400 million (US$302 million) in the Arcadia gas project in the Australian state of Queensland, Santos said on Thursday.

The project, which lies in the Bowen Basin, will involve drilling 137 new wells and building a 140-km gas- and water-gathering network, a new compression station and a 5 MW gas-fired power station.

It will deliver up to 1.94 million cubic metres per day of gas to GLNG.