Santos boosts LNG sales, production in Q1

GLNG (Image courtesy of Santos)

Australia’s Santos increased its sales of liquefied natural gas (LNG) in the first quarter as it boosted production at its GLNG plant on Curtis Island.

Santos operates the GLNG project with a 30 percent stake and holds equity in the Darwin LNG project, and PNG LNG in Papua New Guinea.

Santos said in its first-quarter report on Thursday its LNG sales volumes rose 9.8 percent year-on-year to 729 million mt.

LNG sales revenue was $272 million for the quarter under review, up 26 percent as compared to $216 million in the year before. Average LNG price was at $7.09 per mmBtu.

GLNG production increased to 1.37 million mt or 21 cargoes for the quarter as strong upstream performance from Fairview and Roma fields boosted equity gas supply, Santos said.

GLNG produced 43 percent of the 1.37 million mt exported from the Curtis Island plant during the quarter from its Queensland coal seam gas fields. Santos bought more than half of GLNG feed gas from third parties.

The company also plans to shut down both of the plant’s trains for maintenance.

“The planned statutory inspection shutdown of LNG train 2 is planned to commence in June and a scheduled maintenance shutdown of LNG train 1 is planned to commence in July,” Santos said in the report.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

LNG Pricing, Trading & Risk Management – 3-Day Course

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools…

read more >

LNG BUNKERING MED

The only 3 day course offering theoretical and practical training on LNG bunkering for the Mediterranean market, the syllabus is accredited…

read more >

EAGC 2017

EAGC 2017 sees a new format that combines the conference programme with targeted networking…

read more >