Santos Faces Dilemma Over Uncontracted LNG Cargoes -- Market Talk

Dow Jones04-19

0118 GMT - Santos's move to equity marketing its uncontracted share of liquefied natural gas cargoes from the PNG LNG export facility in Papua New Guinea has Jarden speculating about how its strategy could shape up. In a note, analyst Nik Burns says Santos likely has seven uncontracted equity cargoes remaining this year, and 11 in 2025. "The question for Santos is whether it continues to sell these cargoes into the spot market or looks to execute medium-term contracts to move away from spot LNG prices, which have declined below contract LNG prices in the past three months," Jarden says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 18, 2024 21:18 ET (01:18 GMT)

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