LNG

Santos Ltd, the Australian operator of two liquefied natural gas export plants and a main shareholder in Papua New Guinea LNG assets, has seen its shares surge on take-over speculation, separately involving the Saudi Arabian Oil Company and Abu Dhabi National Oil Company.

Empire Energy Group Ltd, the small Australian exploration and production company, has seen its shares rise by 19 percent since a regulatory breakthrough in the onshore Beetaloo Basin of the Northern Territory and since its discovered natural gas resources were independently revised to an LNG-scale asset.