LNG

Australian energy company Santos reported solid annual and quarterly earnings with steady cargo flows from Gladstone LNG in Queensland and from Papua New Guinea while legal hold-ups were removed to push forward with bringing new feed-gas to Darwin LNG from where only one cargo was shipped in the fourth-quarter.

Australian Asia-Pacific liquefied natural gas market participant Santos said its average LNG price realized in the second quarter was US$9.09 per million British thermal units as 57 cargoes were shipped from its associated Australian and Papua New Guinea LNG export plants.