SANTOS Awaits Korea Government Approval for LNG Sales to KoGas
Dow Jones Newswires 24/09/2010 9:57AM
SYDNEY (Dow Jones)--Santos Ltd. (STO.AU) Chief Executive David Knox has told reporters that the company's liquefied natural gas joint venture in Queensland state is awaiting Korean government approval to sell LNG to state-backed Korea Gas Corp. (036460.SE), a Santos spokesman confirmed Friday.
Knox told a conference in Darwin on Thursday that there is no certainty that a deal will be finalized, the spokesman said.
Santos has already agreed to sell LNG from the proposed project, slated to go live in 2014, to joint venture partners Petroliam Nasional Bhd. and Total S.A. (TOT). It has indicated that it also wants to sell more project equity to a new LNG customer.
Knox said the existing sales deals already "allow us to move forward on a two-train project", the spokesman said.
--By Ross Kelly, Dow Jones Newswires.
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Also did any of you notice the BHP Petroleum announcement for the go ahead for the Macedon project in WA ?
I think SANTOS has an interest in that ?
SANTOS Awaits Korea Government Approval for LNG Sales to...
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