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 LNG operator Santos has taken a positive final investment decision to proceed with the offshore Barossa natural gas field joint venture to provide new feed gas for the Darwin LNG plant supplying Japan.