LNG

Final shareholder and court approvals have been obtained for the US$6.25 billion merger of Papua New Guinea-based energy company Oil Search and Adelaide-based Santos to create a major Asia-Pacific energy player.

Oil Search, the Australian-listed company with liquefied natural gas interests in Papua New Guinea, has revealed it rejected an unsolicited takeover proposal from Santos of Australia, operator of the Gladstone plant in Queensland and Darwin LNG.