Macquarie: Santos could sell stakes of PNG LNG

RECENT Australian coal seam gas-related acquisitions by Santos has Macquarie Private Wealth speculating that the major Australian energy company might have to sell stakes in either PNG LNG or its Gladstone LNG project in Queensland to get more cash.

Macquarie: Santos could sell stakes of PNG LNG Macquarie: Santos could sell stakes of PNG LNG Macquarie: Santos could sell stakes of PNG LNG Macquarie: Santos could sell stakes of PNG LNG Macquarie: Santos could sell stakes of PNG LNG

With Santos spending some $A476 million on CSG acreage in NSW's Gunnedah Basin, including the costs of a 19.99% stake in Eastern Star Gas, Santos still has some significant expenses in the pipeline.

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