Oil Search and Santos, both leading Australian-based gas developers, have announced the conditions for their proposed merger.
Under the revised merger proposal, Oil Search shareholders will receive 0.6275 new Santos shares for each Oil Search share held via a scheme of arrangement.
The average LNG price for January delivery into Northeast Asia was estimated at about $15.60 per million British thermal units (MMBtu), up by $1.15 from the previous week.
The US exported 19 LNG cargoes last week, compared to 21 the previous week.