LNG

Australian liquefied natural gas operator Santos said its share of LNG output from its stakes in Australian and Papua New Guinea would be increasing in the years ahead as it also gave key dates for final investment decisions and first gas while acknowledging obstructions to its offshore activities by Australian regulatory uncertainty.

Oil Search, the oil and gas company with LNG shareholdings in Papua New Guinea and the subject of a bid by Australia’s Santos, reported a jump in second-quarter operating revenues and lower debts.