GDF Suez and Santos Terminate Floating LNG Project

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.

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