Australian gas major Santos and US contractor Fluor could be nearing resolution of a US$1 billion-plus protracted legal wrangle relating to the operator's US$18.5 billion Gladstone liquefied natural gas project (GLNG) in Australia.
Fluor’s wholly owned local subsidiary in late 2010 was awarded a US$3.5 billion lump-sum engineering, procurement and construction management (EPCM) services contract that encompassed a large network of natural gas gathering and processing facilities in Queensland for the-then US$16 billion GLNG project.
