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Australian LNG Giant Reports Record Sales Revenues In 2022

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Australia’s energy giant Santos reported today record sales revenues for 2022 on the back of the energy crisis in Europe that spurred higher LNG exports from every producer country. Sales revenues rose 65% on the year in 2022, Santos said, adding its cash flow also benefited from the strong demand for gas, rising more than twofold from 2021. Unsurprisingly, annual gas production was also at a record level of 105.4 million barrels of oil equivalent. Santos is the largest liquefied natural gas producer in Australia but last year, before the…

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