Santos: Result 2014

One of Santos's two LNG projects is now operational. All eyes are on the imminent start of the second.

Following the dramatic slump in oil prices investors expected impairments in Santos's full-year results – and they got them. The largest figure presented was the $2.3bn that Santos slashed from the value of some Cooper Basin fields and undeveloped coal seam gas projects. Interestingly, Gladstone LNG (GLNG), the project that caused the most concern, escaped without impairment.

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