News — Gladstone LNG

The industry that was spending $10,000 a minute has reached its peak

Gladstone LNG industry LNG construction boom Santos

The industry that was spending $10,000 a minute has reached its peak

The industry that was spending $10,000 a minute has reached its peak   At the peak of the LNG construction boom, oil and gas company Santos was spending about $10,000 a minute over seven years to bring its $25 billion Queensland-based Gladstone LNG project online. But the days of new gas mega-projects being built is over as the industry shifts into a new gear of producing gas, says Deloitte. In a new report, Deloitte says the completion of another two major LNG projects – Inpex’s Ichthys project in the Northern Territory and Chevron’s Wheatstone project in WA – has all...

Read more →