Australian liquefied natural gas (LNG) exporter Santos Ltd. saw sales volumes and revenue from the super-chilled fuel drop in 2Q2021 following the sale of a chunk of its ownership in the Darwin LNG plant in the northern part of the country.

Santos said Thursday it logged 1.04 million metric tons (mmt) in LNG sales volumes during the quarter, compared to 1.33 mmt in 1Q2021. However, the most recent quarter’s figures were still higher than in the same period one year ago, when Santos logged 920,500 metric tons in LNG sales volumes.

Australia is a major supplier of LNG to the Asia-Pacific region. 

[Know More: View NGI’s U.S. LNG Export Tracker.]

The quarter/quarter drop was mostly due to the completion of the $390 million sale of a 25% stake in the Bayu-Undan offshore gas...