Reported about 2 months ago
According to Santos Ltd. CEO Kevin Gallagher, natural gas demand, particularly for liquefied natural gas (LNG), is expected to remain robust beyond 2050, despite global efforts to achieve net zero emissions. Gallagher stressed the importance of their Barossa LNG project, which is nearing completion and aims to position Santos as a key player in the international energy market. Although the company faced a profit decline in the first half of the year, Gallagher's optimistic outlook led to maintaining a higher interim dividend, highlighting the potential for increased cash flow as production ramps up.
Source: YAHOO