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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