Santos, along with Australia's other east coast LNG projects Australia Pacific LNG and Queensland Curtis LNG, have come under pressure from the federal government in recent years to ensure domestic supply amid concerns of shortages since the development of the export projects.

Australian gas exporters argue that their projects are not contingent on Chinese buyers in a growing Asian market.

Third quarter production of 25.1 mmboe was a record for Santos and 22% higher than the prior quarter

The S&P/ASX 200 index .AXJO closed unchanged at 6,102.2 after flitting between small gains and losses throughout the session.

The S&P/ASX 200 index .AXJO closed 2.6% higher at 5,941.6 points, starting the week on a firm note after a 2.9% drop last week.

International institutional investors that are the long-term owners of generation assets in other markets have generally been cautious about acquiring renewable assets in Australia, perceiving the risk/reward balance to be inferior to other investment opportunities.

Woodside, Santos and Oil Search put their expansion plans on ice when oil prices collapsed in March.

The Australian government has presented a plan to boost gas supply and reduce energy prices,

The Federal Government’s announcement today to invest $1.9 billion to reduce carbon emissions paves the way for large-scale carbon capture and storage (CCS)

Australia's the S&P/ASX 200 index rose 1.1% to 6,007.8