TotalEnergies signed a $750 million, 15-year tolling contract with Global Infrastructure Partners Australia (GIP) for the downstream infrastructure of the Santos-operated Gladstone LNG project owned by subsidiary Total GLNG Australia (TGA).
GIP will receive a throughput-based tolling fee calculated on TGA’s share of gas processed through the infrastructure with an effective date of Jan. 1, 2021.
TGA will retain full control and ownership of its 27.5% interest in the Gladstone LNG downstream joint venture.
The integrated LNG project involves production of natural gas from Fairview, Arcadia, Roma, and Scotia fields in the Surat and Bowen basins of southeast Queensland.
Gas is transported about 400 km to the liquefaction plant on Curtis Island near Gladstone. The two-train Curtis Island plant has a capacity to produce a total of 7.8 million tonnes/year of LNG.
The LNG plant was brought on stream in 2015.