The sharp fall is believe to be the low point in the LNG contract pricing cycle, and lower sales volumes.
During the period, the Company paid US$145 million (K443.29m) in scheduled semi-annual principal and US$83 million (K253.75) in interest under the PNG LNG Project finance facility, as well as US$39.1 million (K119.54m) on capital expenditures.
Managing Director Peter Botten said despite funding these disbursements, net debt declined slightly, from US$3,315 million to US$3,304 million, highlighting the strong cash flows generated from operations.