LNG (LIQUIFIED NATURAL GAS)

Santos likely to raise $2-3B to fund GLNG

SANTOS is expected to raise about $A2-3 billion in equity in order to make a final investment decision by the end of this year, a source close to the deal said.

The equity raising is part of the capital expenditure plans for Santos's proposed Gladstone LNG project for which it has already raised $A900 million in hybrid securities. The source said the company...

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