MELBOURNE, April 27 Australia's conservative
government unveiled a radical plan on Thursday to restrict
exports of liquefied natural gas (LNG) at times when domestic
shortages push up local prices, aiming to ease soaring energy
costs for local manufacturers.
MELBOURNE Australia's Santos Ltd reported a 14 percent rise in sales revenue for the first quarter on Thursday, bolstered by a sharp increase in oil prices, and flagged it has cut its break-even costs further and made more progress on cutting debt.
HONG KONG/MELBOURNE China's ENN Group, the top shareholder in Santos Ltd, will be watching closely when the Australian gas producer outlines its strategy on Thursday to pay down debt and cope with weak oil and gas prices.