Partners in Australia’s GLNG export project have brought forward US$2.5 billion in capital costs in a bid to accelerate feedstock gas delivery, writes Eric Martin.
Operator Santos said the change will take spending through the end of 2015 to US$18.5 billion.
The Sydney-listed independent will pay US$750 million of the accelerated costs.
The company said it has advanced the schedule of field development at its Fairview and Roma coalbed methane assets, which had previously been slated to take place after 2015.
