Santos extends gas options deadline
January 10, 2010
Santos said that GLNG, its natural gas joint venture with Malaysian giant Petronas, had extended the deadline for agreement of the sale of an extra 1 million tonnes per annum of gas from the project by Petronas. GLNG said the extension was due to discussions with a number of Asian buyers about the sales from the project.
”These discussions include the potential for buyers to purchase an equity stake in GLNG from Santos," the company said in a statement.
Santos said the binding heads of agreement for the sale of 1 million tonnes per annum by Petronas, announced in June last year, underpinned the volumes for the first train, while the final investment decision would now be due in mid-2010.
At the open Monday, Santos shares were up 7c to $14.36.
”These discussions include the potential for buyers to purchase an equity stake in GLNG from Santos," the company said in a statement.
Santos said the binding heads of agreement for the sale of 1 million tonnes per annum by Petronas, announced in June last year, underpinned the volumes for the first train, while the final investment decision would now be due in mid-2010.
At the open Monday, Santos shares were up 7c to $14.36.
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