Jan 21 (LNGJ) - Australia’s Santos, which has stakes in Darwin LNG, the Gladstone plant in Queensland and at the Papua New Guinea plant operated by ExxonMobil, said in its fourth-quarter report that revenues rose 16 percent to US$922 million, primarily due to stronger LNG sales volumes. The average realised LNG price in the three months to the end of December was US$5.34 per million British thermal units versus US$4.27 per MMBtu in the previous three-month period and US$9.07 per MMBtu in the prior-year quarter.
Santos reported that Gladstone LNG in Queensland shipped 101 cargoes in 2020 versus 87 in the previous year, while Darwin LNG dispatched 48 cargoes last year, two more than in 2019 and PNG LNG shipped 115 cargoes in 2020 compared with 111 in the previous year. “Santos LNG projects shipped 73 cargoes in the fourth quarter, of which six were spot cargoes, three from PNG, two from Darwin and one from GLNG,” said the Adelaide-based company.
