LNG

Australian liquefied natural gas plant operator Santos welcomed the approval with conditions of a coal-seam gas project in northwest New South Wales and which the Adelaide-based company has said would be less expensive than LNG imports to meet domestic gas shortages.

Australia energy company Santos, a shareholder in three LNG export plants, reported record annual free cash flow and a rise in profits even amid lower prices, offset by a slowdown in marketing in Asia because of coronavirus.