CANBERA (dpa-AFX) - Woodside Energy Group Ltd. said it has ceased
discussions regarding a potential merger with Santos Ltd. The merger discussions
were confirmed by the two companies in December.

Woodside CEO Meg O'Neill said Wednesday that for every opportunity Woodside
assesses, it conducts thorough due diligence, and will only pursue a transaction
that is value accretive for its shareholders.

While the discussions with Santos did not result in a transaction, Woodside said
it considers that the global LNG sector provides significant potential for value
creation.

Santos is an important Australian domestic gas supplier and LNG supplier in
Asia.



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