PNG

Santos reaps PNG rewards

SANTOS has joined its Papua New Guinea joint venture partners in celebrating the start-up and sale of LNG from the PNG LNG project, posting an increased underlying first-half profit and a resulting dividend to shareholders.

Andrew Snelling

The company reported an underlying profit of $258 million for the first six months of 2014, attributing the 3% increase on the previous corresponding period to the start-up of operations in PNG. The...

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