Santos to cap Gladstone gas exports

Original article by Matt Chambers
The Australian – Page: 22 : 25-Aug-17

Oil and gas producer Santos has posted a 2017 interim net loss of $US506m ($A642m), following a $US1.1bn loss for the previous corresponding period. However, it has booked an underlying profit of $US156m, compared with a $A5m loss previously. Revenue rose from $US1.21bn to $US1.5bn. MD ‘Kevin Gallagher says Santos is poised to announce additional domestic gas supply contracts, while it intends to limit the Gladstone LNG project’s annual export volumes to six million tonnes until the mid-2020s.

CORPORATES
SANTOS LIMITED – ASX STO

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