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Santos closes $745m stake sale in PNG LNG to Kumul

A$745 million PNG LNG divestment confirmed after funding secured

Yiying Li
Santos closes $745m stake sale in PNG LNG to Kumul

The Australian oil and gas major reported that Kumul has paid around US$250 million (A$370 million) into escrow as part of the purchase price payment.  Additionally, Kumul has executed binding funding...

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