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You are here: Home Archive 2009 June Weekly Edition 25th of June 2009 Petronas secures gas from Gladstone hub

Petronas secures gas from Gladstone hub

by Sam Collyer last modified Jun 25, 2009 04:19 PM

MALAYSIA’S Petronas has sent the strongest signal yet of the viability of plans for a liquefied natural gas hub at Gladstone, signing a deal with Santos that could be worth up to $40bn at current prices.

The energy giant – which owns 40% of the $7.7bn Gladstone LNG project in a 40:60 arrangement with Santos – signed a binding heads of agreement for 2m tonnes a year with the option of another 1m tonnes.
The 20-year...

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