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Australia's Santos aims to slash net debt by $2.5 billion, focus on LNG output

Australia's Santos aims to slash net debt by $2.5 billion, focus on LNG output

Santos aims to trim net ​debt by $2.5 billion by 2030 and focus ‌its investment in major oil and liquefied natural gas production to develop regions with tier-1 basins, ​Australia's No.2 oil and gas producer ​said on Tuesday.

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