Santos Seeks Collaboration With Rivals Amid Rising Cost Threat
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Santos Ltd., building a liquefied natural gas project in Queensland state, plans to collaborate with rivals to cut costs as rising expenses threaten $156 billion of developments proposed by the industry in Australia.
“We’re all working together to see how we can drive costs out collectively and lots of things are being considered,” Chief Executive Officer David Knox said on yesterday’s Inside Business program on the Australian Broadcasting Corp. “Costs in Australia are extremely high and it is a concern.”