Santos said on Thursday the long-term SPA will supply between 0.35 and 0.4 million tonnes per annum of LNG at plateau. The contract term is 12 years, commencing in
Back in 2021, Santos took a final investment decision for its $3.6 billion Barossa project.
In addition, Santos operates the 7.8 mtpa Gladstone LNG export plant on Curtis Island near Gladstone.
The facility shipped 22 LNG cargoes during the second quarter, the same as in the second quarter last year and five less compared to the prior quarter.
During the second quarter, the ExxonMobil-operated PNG LNG project in Papua New Guinea shipped 27 cargoes of LNG, the same number of LNG cargoes as in the same quarter last year and in the previous quarter.
Santos now has a 39.9 percent stake in the LNG export plant in Caution Bay after recently completing a stake sale with Papua New Guinea’s national oil and gas company Kumul Petroleum.
ExxonMobil holds a 33.2 percent operating interest in PNG LNG which is able to produce more than 8.3 million tonnes of LNG annually, an increase of 20 percent from the original design specification of 6.9 mtpa.
TotalEnergies and its partners, which include Santos, are also working on the 4 mtpa Papua LNG export project in Papua New Guinea.
Gallagher recently said the partners plan to take a final investment decision on the Papua LNG at the end of 2025.
TotalEnergies has a 37.55 percent operating stake in the Papua LNG project, US-based ExxonMobil has 37.04 percent, Santos owns a 22.83 percent interest, and Japan’s JX Nippon holds 2.58 percent.
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