June 28, 2010
For a PDF of the full press release
Taylor-DeJongh (TDJ) is pleased to announce its appointment as ECA Financial Advisor to Santos Ltd for the financing of Santos’ share of the Gladstone LNG (GLNG) project, which is likely to include a significant component of ECA funding.
Gladstone LNG will be the world’s first project to process coal seam gas (CSG) into LNG. The project entails the development and production of CSG reserves, and the construction of a 435km gas pipeline and liquefaction plant for the processing and export of LNG. The Queensland-based project will initially produce 3.6 million tons per annum (MMTPA), with a maximum potential production of 10 MMTPA. First cargoes are targeted for 2014.
Taylor-DeJongh Director, Mr. Afonso Reis e Sousa, said: “We are delighted to be working with Santos on this project, which represents a significant further step in its LNG growth strategy. Taylor-DeJongh brings with it a long track record of LNG advisory work in both the Pacific and Atlantic basins, and we look forward to helping Santos close the ECA financing for GLNG.”