Santos Ltd. management said strong domestic natural gas demand and persisting high global LNG prices helped the company continue breaking performance records in the third quarter as it navigated progress and potential setbacks for its major projects.
Like other integrated Australian producers, Santos has had to straddle the line between heightened global demand for liquefied natural gas and pressure from regulators as supply shortfalls impact parts of the country.
CEO Kevin Gallagher said a bump in production helped it meet increased nominations from Western Australia, but the company also was still focused on improving energy security across the Asia-Pacific region.
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