Australia and OceaniaContracts and Tenders

Santos, Kumul wrap up PNG LNG stake sale

By LNG Prime Staff
Santos, Kumul wrap up PNG LNG stake sale
PNG LNG (Image: Santos)

Australian LNG player Santos has completed the previously announced sale of a 2.6 percent stake in the PNG LNG project to Papua New Guinea’s national oil and gas company Kumul Petroleum. Santos said on Monday it has received the final payment of $241 million, taking total cash consideration to $602 million. In addition, Kumul will…

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