LNG

Australian LNG plant operator Santos and Australian-listed energy company Oil Search, which has Papua New Guinea LNG and oil stakes and Alaskan oil assets, have extended their period of mutual due diligence regarding the proposed takeover of Oil Search by Santos in a deal worth A$8.40 billion (US$6.25 billion) to create a front-rank global energy company.

Santos Ltd., the operator of the Gladstone LNG plant in Queensland and Darwin LNG in the Northern Territory, said that its Barossa LNG feed-gas project offshore northwest Australia remained on-track for a final investment decision in the first half of 2021 and with key Japanese customer interest.