GLNGGood Luck Next Game
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Fitch assumes that the Eni USA GLNG contract continues through 2031;
The Roma East Project is part of a $900 million capital investment that Santos and our GLNG partners will make in upstream developments in the Maranoa, Western Downs, Central Highlands and Banana regions this year alone, Mr Woods said.
This includes seawater reverse osmosis desalination plants and sewage treatment plants, which will be used for the construction sites at GLNG.
This was followed by the supply of demineralisation systems using reverse and electrodeionisation technologies for QCLNG and APLNG, as well as oily waste treatment systems for GLNG and QCLNG.
Overall construction of the GLNG is due to commence this year with first cargoes scheduled to be exported from 2015.
Wood Group shares also gained on news that the company''s Australian unit, Wood Group Wagners, had won an AU$40m contract for work on the GLNG Pipeline Project in Queensland.
The rating affirmation is underpinned by our view of Santos' ongoing efforts to reduce risks at the GLNG project, and the company's demonstrated willingness to take credit-supportive actions," Standard & Poor's credit analyst May Zhong said.
Origin has signed an agreement to buy 15 petajoules of gas from GLNG to help meet the needs of the domestic market.
Based in Queensland, Australia, the GLNG project involves gas field developments in southeast Queensland and an LNG plant on Curtis Island, near Gladstone.
5 mtpa initially, with approval for 12 mtpa GLNG (Santos, Petronas, Total and Kogas) Project Outline LNG production facility to process and export coal seam gas--Curtis Island Estimated CAPEX US$16 billion (including upstream field development, liquefaction plant and associated infrastructure) Timing Mainland facilities and Plant construction commenced in 2011.