LNG

Australian energy company Santos reported average LNG prices of over $9 in the fourth quarter and higher sales at the Gladstone export plant in Queensland, driven by stronger upstream equity gas production and a record 393 coal-seam gas wells drilled. 

Australian liquefied natural gas producers have welcomed the decisions by the Northern Territory government to lift a ban on hydraulic fracturing for onshore shale gas exploration and said it was an opportunity for the next LNG supply gap in the 2020s.