PNG LNG at full capacity in May: Santos

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Santos says that liquid natural gas production in Papua New Guinea returns to full capacity next month after an earthquake handheld shutdown.

Santos, who owns 13.5 percent of the Exxon-led PNG project, says the second train to Port Moresby is now in operation and exports have resumed.

LNG Hides and Kutubu gas plants were closed after February-earthquake size 7.5 in PNG's southern highlands, and the first train reopened on 13 April.

The safe restart and cleanup of both LNG trains before ExxonMobil's previously estimated eight-week timeframe is an important performance from the operator, says Santos CEO and CEO Kevin Gallagher.

Santos shares were down 16 cents, or 2.6 per cent. to 6.08% at 1120 AEST due to a broad drop in the energy sector.

Shares in ASX-listed Oil Search, which owns 29 per cent. of venture capital, was 14 cents or 1.8 per cent. $ 7.82. [19659007]

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