Santos $16bn GLNG project on track

Despite speculation over cost blowouts, Santos said the GNLG projects on Curtis Island are on safe ground.

Chief executive of GLNG Mark Macfarlane was in Gladstone this week to give an  update on the project.

Macfarlane said solid progress has been made in key areas, and the company would concentrate on building on this progress rather than expanding, The Observer reported.

He said 1344 rooms were now completed in the workers' accommodation on Curtis Island with another 286 expected to be completed by April.

There are currently around 680 workers living on the Island, with expectations that number could rise by up to 80 per week.

This week the project received the last of 40 000 lengths of pipe to build the 420km pipeline.

GLNG is $16 billion project aiming to convert coal seam gas into LNG for export, and is part of Santos’ clean energy drive.

It sources CSG from the Bowen and Surat basins then transports it, via a 420 kilometre underground pipe, to a two-train LNG plant on Curtis Island.

A restructure by Santos in Adelaide and the Cooper Basin has seen 100 workers laid off.

The job cuts will include analysts and finance staff, reports the ABC, and they will leave the company in the first half of 2013.

"What's happening is that some of the jobs which were for the traditional way of doing things are no longer required,” James Baulderstone, the head of Santos’s eastern Australia business unit, told The Australian.

Image: The Observer

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