Santos will book reductions to both asset carrying values and reserves as part of its 2015 full-year financial accounts, in a reflection of the further deterioration in oil prices.
Global LNG supply in 2016 is forecast to increase to 289 million tonnes (MMt), a 12 per cent increase from 2015, due to an increase in supply capacity from Australia and the US – according to the Resources and Energy Quarterly.
Prices of spot LNG for delivery to northeast Asia averaged $7.397 per million British thermal units for January, according to Platts’ latest Japan/Korea Marker (JKM) data for month-ahead delivery.
Total annual LNG consumption in Australia is forecast to be four times as much in 2020 as it has been in 2015 according to the Australian Energy Market Operator’s (AEMO) second annual National Gas Forecasting Report (NGFR).
Mon 7 December 2015
Spanish infrastructure operator Ferrovial has bid AU$715 million for the acquisition of Broadspectrum, formally Transfield services, resulting in an offer of AU$1.35 per Broadspectrum share.
Wed 7 October 2015 Peter Strachan
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