LNG giant Santos pledges to free up supply for the domestic market in 2027 | The Business | ABC NEWS скачать в хорошем качестве

LNG giant Santos pledges to free up supply for the domestic market in 2027 | The Business | ABC NEWS

Oil and gas giant, Santos says it won't renew third-party contracts in international markets, which will free up some gas supply for the Australian market in 2027. MST Financial senior energy analyst, Saul Kavonic says the decision could be seen as a proactive move ahead of the government's incoming gas reservation policy. He says the company's international contracts have contributed to pushing up prices for energy on Australia's east coast. Santos has also announced 10% of its workforce - or about 400 jobs - will be cut, and its Australian portfolio will face a strategic review. The announcements were made as Santos revealed its half-year profit fell by $US818 million, down 33% from a year ago. #ABCBusiness Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook:   / abcnews.au   Follow ABC NEWS on Instagram:   / abcnews_au   Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia