Santos LNG surge
July 21 (LNG) - Santos, the Australian operator of the Gladstone LNG plant in Queensland and the Darwin facility in the Northern Territory as well as being a shareholder in Papua New Guinea LNG, reported second-quarter and first-half sales revenue of US$1.87 billion and US$3.76Bln respectively.
Revenue from LNG sales alone in the second quarter came to US$1.07Bln. Santos said its average realised LNG price in the quarter was US$14.66 per million British thermal units versus US$7.52 per MMBtu in the prior-year quarter. “Santos’s LNG projects shipped 58 cargoes in the second quarter, of which nine were spot cargoes (Darwin LNG five and PNG LNG four) sold on a Japan-Korea Marker-linked basis,” said Santos.
Merger timetable
Oct 29 (LNGJ) - Oil Search, the Papua New Guinea LNG shareholder, has revised the timetable for seeking completion of the US$6.25-billion merger with Australian LNG plant operator Santos.
The merger implementation deed (MID) has now changed. The PNG Court date for approval is now November 10 instead of the original date of October 27. “The Oil Search Board will update shareholders and the market in due course. Shareholders do not need to take any action in relation to the merger at this stage,” said a statement.
