Australia energy player Santos posts $1Bln loss even after 27 percent jump in LNG sales

Friday, 17 February 2017

Australia LNG and energy company Santos, with stakes in three Asia-Pacific LNG plants, posted an annual net loss of net loss of US$1.04 billion, including a US$1.1Bln asset write-down on its Gladstone coal-seam-gas-to-LNG plant it operates in the eastern state of Queensland.

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