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STO Santos Limited

7.48
-0.01 (-0.13%)
Last Updated: 01:42:00
Delayed by 20 minutes
Share Name Share Symbol Market Type
Santos Limited ASX:STO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.13% 7.48 7.47 7.48 7.52 7.46 7.50 318,372 01:42:00

Santos to Book US$1.05 Billion Impairment Hit on LNG Project

15/08/2016 12:25am

Dow Jones News


Santos (ASX:STO)
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   By Robb M. Stewart 
 

MELBOURNE, Australia--Energy company Santos Ltd. (STO.AU) said Monday it will book a US$1.05 billion after-tax impairment charge in its coming half-year report against the carrying value of its flagship GLNG gas-export project in eastern Australia.

The GLNG development, which counts France's Total SA (TOT) and Malaysia's Petronas Gas Bhd. (60033.KU) as partners, at Gladstone in Queensland state shipped its first cargo of liquefied natural gas in late 2015.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

August 14, 2016 19:10 ET (23:10 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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