29 April 2024
Santos set for further GLNG impairment due to oil price assumptions
Publication date: 15 August 2017
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Santos expects to incur a USD 690 million half-yearly impairment related to its 30% stake in the Gladstone LNG (GLNG) plant on Curtis Island, with the announcement coming a week after compatriot Origin Energy announced a USD 642 million impairment on APLNG.
Santos said the impairment was due to oil price assumptions, exchange rates, discount rates and production and costs.