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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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Egypt considers wheat storage program as Algeria waits in wings

  Bloomberg Egypt, the world’s largest wheat importer, is being asked to consider a wheat storage program offered by a U.S. company before Algeria gets a chance to grab the $250 million investment. Blumberg Grain expects to reach an agreement with Egypt in the next two weeks to expand its wheat storage network, according to a company statement issued Sunday. ...

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Qatar central bank offers bonds in first domestic riyal sale this year

  Reuters Qatar’s central bank is offering 3 billion riyals ($825 million) of government bonds in its first domestic bond sale this year, suggesting liquidity conditions are easing in a banking system pressured by low oil and gas prices. A central bank official said results of the offer would be known on Tuesday. If it succeeds, it would be the ...

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