STO 1.16% $6.84 santos limited

Can STO survive, page-712

  1. 6,316 Posts.
    lightbulb Created with Sketch. 2512
    Figures from AEMO's website on gas pipeline flows to Gladstone:

    ORG's APLNG project pipeline:
    Nameplate capacity: 1560 TJ/d
    Actual flow (last 7 days): 1663 TJ/d

    STO's GLNG project pipeline:
    Nameplate capacity: 1430 TJ/d
    Actual flow (last 7 days): 593 TJ/d

    So according to those figures APLNG is supplying 107% of its nameplate capacity while GLNG can barely fill 40% of theirs.

    GLNG must be making truly gargantuan losses at the current oil price. It was only ever a one train project and should have been combined with one of the other projects as a third train. But instead they built two trains and their own $6B pipeline and can barely fill one of them.
 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.