Santos PNG LNG resumes normal production

Company News

by Anna Napoli

Santos (ASX:STO) has announced operations at its PNG LNG plant have resumed normal production.

Production has gradually been ramping up since the beginning of the month, with both LNG trains now restarted.

The company says the operator expects to reach full capacity in May.

Santos is currently the subject of a $13.5 billion takeover offer from US group Harbour Energy.

Shares in Santos (ASX:STO) are trading  0.64 per cent lower to $6.20.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.