LNG

Santos, the Australian liquefied natural gas shareholder in three Asia-Pacific plants, maintained solid second-quarter earnings levels as its average realised LNG price was US$8.27 per million British thermal units, less than a dollar lower than a year ago.

Australian liquefied natural gas plant operator Santos reports progress on a coal-seam gas project in northwest New South Wales with up to 850 wells and which the Adelaide-based company said would be less expensive than LNG imports to meet gas shortages.