February 21, 2018 / 12:26 AM / 2 years ago

Santos in talks with China's ENN to form LNG joint venture

MELBOURNE, Feb 21 (Reuters) - Santos Ltd is in talks with its top shareholder, China’s ENN Group, to form a liquefied natural gas joint venture to supply China, Chief Executive Kevin Gallagher said on Wednesday.

“I am very pleased to announce today that Santos and our major shareholder ENN are in discussions to form a joint venture to create an LNG portfolio to capture the huge potential of the fastest growing LNG market in the world,” Gallagher told analysts after reporting a more than five-fold increase in annual profit. (Reporting by Sonali Paul)

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