SYDNEY, Aug 15 (Reuters) - Australian energy producer Santos Ltd STO.AX said on Monday it would take a $1 billion impairment charge on its GLNG gas project in the six months to June 30, citing low oil prices, a slower-than-planned production ramp-up and higher gas prices.
"The expected impairment charge for GLNG is clearly disappointing but it is a consequence of the challenging environment which we now face," Chairman Peter Coates said in a statement.