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Read More »Santos flags $1billion Gladstone LNG charge on gas supply
Bloomberg Santos Ltd. will take a $1.05 billion writedown on its Gladstone LNG project due to rising prices for third-party gas supplies and slower-than-expected ramp up of its own equity output to feed the export project. The non-cash charge on the liquefied natural gas development in Queensland, which is $1.5 billion before taxes, will be recorded in its half-year …
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