By Robb M. Stewart

MELBOURNE, Australia--Energy company Santos Ltd. (STO.AU) said Monday it will book a US$1.05 billion after-tax impairment charge in its coming half-year report against the carrying value of its flagship GLNG gas-export project in eastern Australia.

The GLNG development, which counts France's Total SA (TOT) and Malaysia's Petronas Gas Bhd. (60033.KU) as partners, at Gladstone in Queensland state shipped its first cargo of liquefied natural gas in late 2015.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

August 14, 2016 19:10 ET (23:10 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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