LNG

Feb 21 (LNGJ) - David Knox, Chief Executive of Australian energy company and LNG developer Santos, said its "strong reserves base underpins the company's strategy to supply the growing demand for natural gas in Australia and Asia." He made the statement as Santos said its proved and probable reserves were 1,368 million barrels of oil equivalent at the end of 2013. "This represents an organic three-year 2P reserves replacement ratio of 159 percent and provides a reserves life of 27 years based on 2013 production," the company said.