Santos Moves to Expand Interest in Papua New Guinea LNG Venture
Australian energy producer Santos has moved to lift its ownership interest in a Papua New Guinea liquefied natural gas development as ExxonMobil assumes operational leadership.
Australian energy company Santos has initiated steps to raise its equity holding in a liquefied natural gas venture located in Papua New Guinea.
The strategic step increases the producer's direct exposure to energy assets across Oceania, consolidating its footprint within regional LNG supply networks.
Alongside the expansion of Santos's equity participation, international major ExxonMobil is taking operational control of the project.
The restructuring reflects evolving partnership dynamics and operational management arrangements among key energy stakeholders active in Papua New Guinea.
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