GDF Suez, Santos reach Australian LNG deal  

Posted by Big Gav in , , ,

UPI has a report on yet another Australian LNG project, this one in the Timor sea - GDF Suez, Santos reach Australian LNG deal.

French energy giant GDF Suez signed an agreement with its Australian partners at Santos to develop three offshore gas fields in Australia, the company said.

GDF Suez announced a $200 million deal with Santos that concludes plans launched in August to develop its Bonaparte liquefied natural gas project. The integrated project envisions the construction of a floating liquefaction plant with a capacity to produce more than 2 million tons of LNG per year.

The project relies on gas resources from the Petrel, Tern and Frigate gas fields in the Bonaparte gas basin in the Timor Sea, which GDF Suez described as one of the richest gas regions in Australia.

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