US EditionSantos ships first gas from Barossa project after years of delays
Santos shipped its first liquefied natural gas cargo from Barossa after a year of delays, aiming to boost production by up to 30% by 2027, CEO Kevin Gallagher said.
- Darwin saw the first Barossa LNG cargo loaded, announced today, and shipped to Japan’s Sakai terminal, following delays and project setbacks.
- After months of delay and legal challenges, the Barossa project missed its original first half of 2025 start, with pipeline works paused in 2023 after First Nations elders on the Tiwi Islands initiated court action.
- Quarterly figures show Santos produced 22.3 million barrels of oil equivalent and reported $1.2 billion in sales revenue, with Mr Gallagher saying, `We have taken a very considered approach to the final stages of commissioning`.
- Investors drove Santos shares more than four per cent higher to $6.36 by 2pm AEDT on Thursday after the report, while analysts warned Santos must prove it can ramp and sustain Barossa output after a downgrade to expected 2027 production.
- Regulators approved use of a Darwin LNG storage tank leaking methane for two decades to hold Barossa gas until 2050 without repair requirements, while critics and analyst Bruce Robertson warned this risks climate, health, and rising costs.
10 Articles
10 Articles
Santos completes Barossa drilling, ramps multi-basin well programs
Santos completed the six-well drilling campaign at the Barossa gas field offshore northern Australia, with all wells successfully tested and intersecting high-quality reservoir sections. Average individual well deliverability was estimated at approximately 300 million standard cu ft per day, supporting ramp-up of gas export volumes to the BW Opal FPSO, which is currently operating at … The post Santos completes Barossa drilling, ramps multi-basi…
Santos stock jumps 5% on Barossa LNG first cargo — what’s next for ASX:STO
Sydney, January 22, 2026, 17:07 AEDT — After-hours Santos Ltd shares ended Thursday 5.28% higher, closing at A$6.38 after fluctuating between A$6.13 and A$6.42. Around 20.9 million shares changed hands. (Investing.com) The Australian oil and gas producer reported that the first cargo from the restarted Darwin LNG plant is currently being loaded for shipment to Japan’s Sakai terminal. It also projected increased production in 2026, driven by the …
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