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GDF Suez and Santos Terminate Floating LNG Project




by:
Sutherland Asbill Brennan LLP - Washington Office

 
June 23, 2014

Previously published on June 19, 2014

On Thursday, GDF Suez SA and Santos Ltd. announced that they have terminated their plans for a floating LNG project. The multibillion dollar Bonaparte LNG project was intended to use new technology to liquefy natural gas from a vessel at sea. Santos and Suez stated that the project no longer complied with the companies’ commercial needs and that they would consider alternative options for the project.

 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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