MARKETS

Santos and Kumul revise Papua LNG sale terms

Australia's Santos has confirmed that it agreed an amendment with Papua New Guinea's state-owned Kumul Petroleum Holdings regarding the sale of a 2.6% interest in the PNG liquefied natural gas (LNG) project.

Yiying Li

Santos and Kumul revise Papua LNG sale terms

The amendment provides additional time for Kumul to pay the remaining US$241 million after the state-owned company paid US$352 million on January 31, equivalent to around 1.6% stake in the LNG project,...

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