Santos in talks with ENN to form Chinese LNG import JV

Australian oil and gas producer Santos is in talks with its biggest shareholder, Chinese company ENN Group, to form a joint venture to supply LNG to China.
By Staff reporter 21 February 2018 0 29680

Australian oil and gas producer Santos is in talks with its biggest shareholder, Chinese company ENN Group, to form a joint venture to supply LNG to China, Chief Executive Kevin Gallagher said on Wednesday.

“I am very pleased to announce today that [we] are in discussions to form a joint venture [...] With an end-user like ENN, we see that as a marriage made in heaven,” Gallagher said during an earnings call.

Santos announced that its net profit increased by 433% year on year in 2017, to...

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