Santos Ltd Concerns over new framework for the Australian Domestic Gas Security Mechanism
Concerns over new framework for the Australian Domestic Gas Security Mechanism: Santos Ltd (ASX: STO) stock lost over 5.5% on April 27, 2017 as the Australian Government intends to issue a new framework for the Australian Domestic Gas Security Mechanism. The mechanism is said to be relating to curbing LNG exports if there is a domestic shortage. In a response, the group reported that they would supply more gas into the Australian domestic market than that purchased for its share of LNG exports. The group also reported that they would seek clarification from the Government on how the new policy would work in practice in order to understand the terms on which it is proposing to introduce this mechanism.
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