Approval of the natural gas project of Santos Ltd is based on certain conditions, which Citigroup (NYSE:C) shouldn't be too burdensome to the company and the project.
Some of the conditions for the $17.6 billion project include a possible increase in the water monitoring requirements and regulators keeping a closer watch over the Gladstone liquefied natural gas venture.
Citigroup said together the additional cost should come to about A$20 million, which compared to the overall capital expenditure total is relatively small.
Gas will be liquefied from the project and exported to Asian markets.
Showing posts with label Santos LTD. Show all posts
Showing posts with label Santos LTD. Show all posts
Monday, October 25, 2010
Monday, March 15, 2010
Exxon Mobil (NYSE:XOM) Financing Secured for Esso Highlands
Exxon Mobil Esso Highlands Financing
Exxon Mobil (NYSE:XOM) announced the financial arrangements for the Esso Highlands project in Papua New Guinea is complete, with an estimated $15 billion in investment in the first round.
The project entails liquefied natural gas, which includes Exxon Mobil partners Santos Ltd. and Oil Search Ltd., which have secured agreements with its lenders and customers of LNG.
Esso Highlands has a 33.2 percent stake in the venture.
Exxon Mobil Esso Highlands Financing
Exxon Mobil (NYSE:XOM) announced the financial arrangements for the Esso Highlands project in Papua New Guinea is complete, with an estimated $15 billion in investment in the first round.
The project entails liquefied natural gas, which includes Exxon Mobil partners Santos Ltd. and Oil Search Ltd., which have secured agreements with its lenders and customers of LNG.
Esso Highlands has a 33.2 percent stake in the venture.
Exxon Mobil Esso Highlands Financing
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