Santos to divert Moomba gas to South Australia from 2030
Santos has agreed to divert 200 petajoules to the South Australian government, delivered ex-Moomba from Santos’ Cooper Basin operations, formalising supply to the domestic market – rather than LNG exports.
Santos, Exxon take FID on Agogo tie-in to PNG LNG
Papua New Guinea (PNG) LNG partners – notably Santos and ExxonMobil – have approved a final investment decision to tie in the Agogo production facility in a bid to bolster feedstock and sustain LNG exports to 2028, and beyond.
Santos singles out Australia’s LNG edge as Hormuz woes persist
Australia’s second-largest oil and gas producer, Santos, has underscored the “strategic advantage” of LNG from Down Under as the fallout from Hormuz shipping disruptions could last for years. Santos – and its rival Woodside – are both stepping up “safe” LNG supplies to Asian offtakers.
Santos’ first LNG cargo from Barossa field to head to Japan
Santos is ready to ship the first cargo from its $6.1 billion Barossa gas project in the next few days. Currently loaded at Darwin LNG, the cargo will be delivered to the Sakai terminal in Japan.
Santos eyes $27 billion Papua LNG funding mix with heavy debt
Australian oil giant Santos is targeting a roughly US$27 billion capital spend for its integrated Papua LNG–PNG LNG expansion hub in Papua New Guinea, with up to three-fifths to be covered by debt finance.
Santos seeks to ring-fence debt for Papua LNG
Santos CEO Kevin Gallagher has indicated a “significant” part of the multi-billion Papua LNG development will be funded by project financing, backed by the strong performance of the nearby PNG LNG project, whose debt was repaid six months ahead of schedule.
First gas at BW Opal FPSO puts Santos on track with Darwin LNG
First gas received at Santos’ BW Opal floating production storage and offloading (FPSO) vessel puts the Australian major on track with the Darwin LNG project, CEO Kevin Gallagher said. Situated off Darwin, Northern Territories, the FSPO receives gas from the Barossa gas wells.
Santos shaken as Abu Dhabi’s XRG walks from $30bn deal
Santos has been jolted by a setback as Abu-Dhabi’s state-backed XRG walked away from $30 billion tie-up. The breakdown shatters Santos’ expectations to secure capital for expansion projects in Australia and Papua New Guinea.
Shell slams export controls of Australian LNG
Shell Australia adamantly opposes policies forcing LNG exporters to reserve more gas for the domestic market. Redistributing exiting supply is no solution, Shell Australia’s Cecile Wake says, so “let’s make the pie bigger.”
Australian LNG operator Santos sees shares surge on reports of takeover interest from the Middle East
Santos Ltd, the Australian operator of two liquefied natural gas export plants and a main shareholder in Papua New Guinea LNG assets, has seen its shares surge on take-over speculation, separately involving the Saudi Arabian Oil Company and Abu Dhabi National Oil Company.
