The anticipated impairment, which is estimated at more than US$1 billion after tax, comes amid sustained low oil prices which the company said continued to constrain capital expenditure and affect GLNG.
The company explained Monday there had been a slower ramp up of GLNG equity gas production and an increase in the price of third-party gas, which had caused it to adjust its upstream gas supply and third party gas pricing assumptions for the project.
“The
