Of signifiicant note is the second train in 2015.All the gas has...

Of signifiicant note is the second train in 2015.
All the gas has to come from somewhere, not to mention other consortiums needs.
DYOR.

From AAP

Sydney - Thursday - January 13: (RWE Aust Business News) - Santos
(ASX:STO) and its GLNG partners have made the final investment decision
approving
development of the USD16 billion, 7.8 mtpa GLNG project in Queensland.
Development approval triggers major works for upstream field
development, pipeline and LNG plant facilities at Gladstone.
Orders will now be placed for long lead items such as line pipe,
compressors and LNG plant components.
GLNG will create 5,000 jobs in construction in addition to 1,000
permanent jobs in production.
It is expected that 1,500 jobs will be created in the first half
of 2011.
Chief executive David Knox acknowledged approval of the project
came at a very difficult timefor the state of Queensland, which is
currently confronting the cost of severe flooding across many
communities.
Queensland Premier, Anna Blighk said the GLNG project would
cement Queensland's role as a significant producer of LNG and promised
billions of dollars of investment in regional communities.
"Proceeding now with projects like this will be a tremendous
boost to the Queensland economy as we recover from the devastating impact
of the floods," Ms Bligh said.
GLNG is a joint venture between Santos (30pc) and three of the
world's largest LNG companies, PETRONAS (27.5pc), Total (27.5pc) and
KOGAS (15pc).
GLNG includes the development of coal seam gas (CSG) resources in
the Bowen and Surat Basins in south-east Queensland, construction of a
420-kilometre gas transmission pipeline from the gas fields to Gladstone,
and two LNG trains with a combined nameplate capacity of 7.8 million
tonnes per annum (mtpa) on Curtis Island.
First LNG exports are expected to commence in 2015.
GLNG has binding LNG sales agreements with PETRONAS and KOGAS for
7 mtpa in aggregate.
The project has a gross capital cost of USD16 billion from FID
until the end of 2015, when the second train is expected to be ready for
start-up.
Santos' 30pc share of capital expenditure is USD4.8 billion.
The USD16 billion capital expenditure includes USD2 billion in
contingencies.
rx