LNG

Australian Asia-Pacific liquefied natural gas market participant Santos said its average LNG price realized in the second quarter was US$9.09 per million British thermal units as 57 cargoes were shipped from its associated Australian and Papua New Guinea LNG export plants.

Oil Search, the Australian-based oil and gas producer based in the Papua New Guinea capital Port Moresby, said it was confident about the future of PNG LNG and its expansion project as the nation recovers from a political crisis.