SOURCE: Industrial Info Resources

June 10, 2008 05:00 ET

Foster Wheeler-Bechtel FEED Studies Keep Santos-Petronas LNG Project on Schedule, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 10, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Santos Limited's (NASDAQ:STOSY) (Adelaide, Australia) plans for setting up a project to turn coal seam gas (CSG) into liquefied natural gas (LNG) in Gladstone, Queensland, is advancing with the selection of Indonesia's state-owned hydrocarbons utility Petronas to become a 40% partner in the development, operation and marketing of the Gladstone LNG entity. Petronas will initially invest $2 billion and then $500 million more upon reaching a final investment decision for a second LNG train.

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