Australia’s Santos plans to boost LNG, oil production while lowering debt

May 26, 2026

May 26 (Reuters) – Santos (STO.AX), opens new tab ‌will focus on boosting LNG and oil production in three core regions, Australia’s No. 2 oil and gas producer said on Tuesday, as part of a new strategy aimed at reducing debt by $2.5 billion by the end of the decade.

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